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5550 South Dorchester Avenue

Chicago Multifamily Property At 5550 South Dorchester Avenue Sold With Essex Realty Group
SOLDMultiFamily

Chicago Multifamily Property At 5550 South Dorchester Avenue Sold With Essex Realty Group

5550 South Dorchester Avenue

Building Size

81,351 SF

Asset Type

MultiFamily

Closing

Mar 11, 2025

AI

The property asset involved in this transaction is a multifamily building located at 5550 South Dorchester Avenue in Chicago. The asset encompasses a total square footage of 81,351 and consists of 124 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 5550 South Dorchester Avenue
  • Market: Chicago
  • Square Footage: 81,351
  • Units: 124

The deal involves brokers Doug Imber, Rick Ofman, and Kate Varde from Essex Realty Group, representing the parties in the transaction.

Players

Doug Imber

Essex Realty Group

Broker

$241.8M

vol

29 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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93