Rick Ofman & Matt Feo Of Essex Realty Group Represent Buyer In $4.125M Chicago Multifamily Sale
SOLD
$4,125,000
Illinois
See Similar DealsMultiFamily29,700 SF
Sold 10/23/2024
SOLD
Rick Ofman & Matt Feo Of Essex Realty Group Represent Buyer In $4.125M Chicago Multifamily Sale
6967 North Bell Avenue
See Similar DealsMultiFamily29,700 SF
Sold 10/23/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:29,700 SF
Transaction Type:Sale
The property involved in the transaction is a multifamily asset located at 6967 North Bell Avenue in the Chicago market. It encompasses 29,700 square feet, comprising 28 units with a price per unit of $147,321 and a price per square foot of $138. The total sale price of the property is $4,125,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Units: 28
- Square Footage: 29,700
- Price per Unit: $147,321
- Price per Square Foot: $138
The transaction was represented by Rick Ofman and Matt Feo from Essex Realty Group on the buyer's side, while the seller's side was represented by Kate Varde and Doug Imber, also of Essex Realty Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
Is there something missing? Send suggestions