Updated Mar 3, 2026
Phillip Dixon & Kasey Taylor Of Compass Represent Buyer In Chicago Multifamily Sale For $1.255M
4031-4037 West Gladys Avenue, Chicago, Il, 60624
$1,255,000
$89/SF
Building Size
14,100 SF
Asset Type
MultiFamily
Closing
Feb 10, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located at 4031-4037 West Gladys Avenue in the Chicago market. The sale price for this property was $1,255,000, consisting of 18 units and a total square footage of 14,100, resulting in a price per unit of $69,722 and a price per square foot of $89.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Units: 18
- Square Feet: 14,100
- Price Per Unit: $69,722
- Price Per Square Foot: $89
Representing the buyer in this transaction were Phillip Dixon and Kasey Taylor from Compass, while the seller was represented by Cecil Sabu, Ben Myers, and Adam Lenchner from ALLURE Real Estate.
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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93