Multifamily Property At 2934 North Milwaukee Avenue Sold For $6.675M In Chicago
SOLD
$6,675,000
Illinois
See Similar DealsMultiFamily24,600 SF
Sold 10/30/2024
SOLD
Multifamily Property At 2934 North Milwaukee Avenue Sold For $6.675M In Chicago
2934 North Milwaukee Avenue
See Similar DealsMultiFamily24,600 SF
Sold 10/30/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$271
Total Square Footage:24,600 SF
Transaction Type:Sale
This multifamily asset, located at 2934 North Milwaukee Avenue in Chicago, has a total sale price of $6,675,000. The property consists of 18 units and spans a square footage of 24,600, resulting in a price per unit of $370,833 and a price per square foot of $271.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,675,000
- Number of Units: 18
- Square Footage: 24,600
- Price Per Unit: $370,833
- Price Per Square Foot: $271
- Market: Chicago
The brokers representing this transaction are Jordan Gottlieb and Matt Feo from Essex Realty Group, highlighting their role in facilitating this multifamily property sale.
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)
$355,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,714.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,642.91
Annual Debt Service$379,714.87
Is there something missing? Send suggestions