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2027 North Humboldt Boulevard

James Bellavia Acquires Multifamily Asset On North Humboldt Boulevard For $2,250,000 From Kyle Stephens
SOLDMultiFamily

James Bellavia Acquires Multifamily Asset On North Humboldt Boulevard For $2,250,000 From Kyle Stephens

2027 North Humboldt Boulevard

$2,250,000

Building Size

Asset Type

MultiFamily

Closing

Jul 27, 2026

AI

The asset involved in this transaction is a multifamily property located at 2027 North Humboldt Boulevard in Chicago. It was sold for a price of $2,250,000, consisting of 5 units, resulting in a price per unit of $450,000.

Summary of transaction details:

The transaction was facilitated by the seller's representatives from Essex Realty Group, specifically James Darrow, Jordan Gottlieb, and Brian Keegan, who represented Kyle Stephens in the deal.

Players

James Darrow

Essex Realty Group

Broker

$302.7M

vol

66 deals

Broker

Kyle Stephens

Seller

$5.2M

vol

2 deals

Seller

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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93