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2750 North Ridgeway Avenue

HW Capital Acquires Multifamily Asset At 2750 North Ridgeway Avenue In Chicago For $1.32M
SOLDMultiFamily

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

James Darrow

Essex Realty Group

Broker

$283.1M

vol

61 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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