Updated Sep 9, 2024
Essex Realty Group Sells 4-Unit Multifamily Property In Chicago's Gold Coast For $1.5M
67 West Chestnut Street
$1,525,000
$376/SF
Building Size
4,050 SF
Asset Type
MultiFamily
Closing
Nov 18, 2022
About this deal
AI
A 4-unit multifamily property located on Chestnut Street in Chicago's Gold Coast neighborhood has been sold for a price of $1,525,000. The property spans a total area of 4,050 square feet, resulting in a price per square foot of $377. This transaction was facilitated by Matt Feo and Brian Keegan from Essex Realty Group, Inc.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Units: 4
- Price per Unit: $381,250
- Square Footage: 4,050
- Price per Square Foot: $377
- Date: 11/18/2022
- Address: 67 W Chestnut St, Chicago, IL
- Market: Gold Coast
Congratulations to Matt Feo and Brian Keegan from Essex Realty Group, Inc. on successfully completing this sale. For further inquiries about this transaction, please reach out to Essex Realty Group, Inc.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93