Essex Realty Facilitates $900K Sale Of Multifamily Property In Smith Park Chicago
908 North California Avenue
$900,000
$155/SF
Building Size
5,793 SF
Asset Type
MultiFamily
Closing
Aug 16, 2022
AI
Located in the beautiful Smith Park neighborhood of Chicago, this multifamily property at 908 N California Ave has recently changed hands in a successful transaction. The property offers 6 units, providing ample space for residents. With a sale price of $900,000, the per unit price comes out to $150,000. The total square footage of the property is 5,793, resulting in a price per square foot of $155.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $900,000
- Number of Units: 6
- Price Per Unit: $150,000
- Square Footage: 5,793
- Price Per Square Foot: $155
Assisting both the buyer and seller in this successful transaction was Essex Realty, represented by brokers Jordan Gottlieb, Sarah Rider, and Jaimie Steinher. Essex Realty Group, Inc. led an extensive marketing campaign for the property, resulting in over a dozen scheduled showings. Within just two weeks, the property went under contract, showcasing the efficiency and effectiveness of the brokerage team. For any further inquiries regarding this sale, feel free to reach out to Jordan Gottlieb.
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93