Updated Oct 21, 2026
Tim Kavanaugh Of Essex Realty Group Represents Buyer In Chicago Multifamily Sale For $2,462,500
7319 North Rogers Avenue
$2,462,500
Units
16
Asset Type
MultiFamily
Closing
Oct 14, 2026
About this deal
AI
The property involved in the transaction is a multifamily asset located at 7319 North Rogers Avenue in Chicago. The sale was finalized at a price of $2,462,500. The asset includes 16 units, with a price per unit of $153,906.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,462,500
- Units: 16
- Price Per Unit: $153,906
- Buyer's Representative: Tim Kavanaugh - Essex Realty Group
- Seller's Representative: Rick Ofman - Essex Realty Group
- Date of Sale: 10/14/2026
- Market: Chicago
This transaction involved Tim Kavanaugh representing the buyer and Rick Ofman representing the seller, both from Essex Realty Group. Their expertise facilitated the successful negotiation and closing of the sale.
On the Map
$2,462,500
MultiFamily
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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
6.44%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93