Updated Dec 21, 2023
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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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