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908 North California Avenue

Essex Realty Facilitates $900K Sale Of Multifamily Property In Smith Park Chicago
SOLDMultiFamily

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

Jordan Gottlieb

Essex Realty Group

Broker

$364.3M

vol

67 deals

Broker

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