Updated Dec 21, 2023
Dream Town Realty Acquires Multifamily Property In Chicago's Market For $1.075M
1007 North California Avenue, Chicago, IL 60622
$1,075,000
$344/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
The multifamily property located at 1007 N California Ave in Chicago has been sold for a total price of $1,075,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $215,000. The total lot size of the property is 3,125 square feet, resulting in a price per square foot (PPLSF) of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 5
- Price per Unit (PPU): $215,000
- Lot Size: 3,125 square feet
- Price per Square Foot (PPLSF): $344
- Buyer's Representative: Mitir A Patel - Dream Town Realty
- Seller's Representative: Mark Icuss - Compass
Mitir A Patel from Dream Town Realty represented the buyer in this transaction, while Mark Icuss from Compass represented the seller. The deal was closed on January 5, 2022.
On the Map
$1,075,000
$344/SF
MultiFamily
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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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93