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1645 W Chase Ave Chicago, I...

Essex Realty Group Sells Rogers Park Multifamily Building At 1645 West Chase Ave. For $4.05M
SOLDMultiFamily

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

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

Doug Imber

Essex Realty Group

Broker

$241.8M

vol

29 deals

Broker

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