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6928 North Wayne Avenue

Updated Dec 21, 2023

Essex Realty Group, Inc Sells 50-Unit Multifamily Building In Rogers Park For $5.95M
SOLDMultiFamily

Essex Realty Group, Inc Sells 50-Unit Multifamily Building In Rogers Park For $5.95M

6928 North Wayne Avenue

$5,950,000

$261/SF

Building Size

22,748 SF

Asset Type

MultiFamily

Closing

Dec 13, 2022

About this deal

AI

The prominent 50-unit Rogers Park building located at 6928 North Wayne Avenue in Chicago has been sold in a recent transaction. The multifamily property was sold for a total price of $5,950,000. The sale consists of 50 units, with an average price per unit of $119,000. The total area of the property spans 22,748 square feet, resulting in a price per square foot of $262.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,950,000
  • Units: 50
  • Price per Unit: $119,000
  • Square Footage: 22,748
  • Price per Square Foot: $262
  • Address: 6928 North Wayne Avenue, Chicago
  • Market: Chicago

Congratulations to Essex Realty Group, Inc. on the successful sale of this prominent 50-unit Rogers Park building. The transaction was facilitated by Doug Imber of Essex Realty Group, Inc.

Players

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $261 per square foot on a published $6M for 22,748 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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