HW Capital Acquires Multifamily Asset At 2750 North Ridgeway Avenue In Chicago For $1.32M
2750 North Ridgeway Avenue
$1,320,000
$183/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
Sep 11, 2025
AI
The asset involved in this transaction is a multifamily property located at 2750 North Ridgeway Avenue in the Chicago market. The sale price of the property was $1,320,000, comprising a total of 7 units. The square footage of the property is 7,200, resulting in a price per unit of $188,571 and a price per square foot of $183.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Units: 7
- Square Footage: 7,200
- Price Per Unit: $188,571
- Price Per Square Foot: $183
- Buyer: HW Capital
- Buyer's Representative: Brian Keegan - Essex Realty Group
- Seller's Representatives: Brian Keegan, Jordan Gottlieb & Jim Darrow - Essex Realty Group
The transaction was facilitated by representatives from Essex Realty Group, including Brian Keegan, who acted on behalf of both the buyer and the seller. This unique representation involved multiple parties within the same agency, highlighting the collaborative efforts in this deal.
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93