Essex Realty Group Sells Rogers Park Multifamily Building At 1645 West Chase Ave. For $4.05M
1645 W Chase Ave Chicago, IL 60626, USA
$4,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 24, 2023
AI
A vintage courtyard building located at 1645 West Chase Avenue in Rogers Park, Chicago, has been sold by Essex Realty Group for approximately $4.05 million. The 31-unit multifamily property is set to undergo conversion by the new owner, with support from Essex's Principals and Directors.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Units: 31
- Price Per Unit: $130,645
- Brokers: Doug Imber, Kate Varde, Rick Ofman & Matt Feo - Essex Realty Group
- Date: 08/24/2023
Essex Realty Group, represented by Doug Imber, Kate Varde, Rick Ofman, and Matt Feo, facilitated the sale of the vintage courtyard building in Rogers Park. This transaction showcases the expertise and reputation of the Essex Realty Group's team in the Chicago market. The involvement of the Principals and Directors in supporting the new owner's conversion plans demonstrates the commitment of Essex Realty Group to ensuring a successful outcome for all parties involved.
Players
Lexington Park 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93