Updated Dec 4, 2024
Peter Green Of @Properties Christie's International Real Estate Represents Buyer In Chicago Multifamily Sale For $1.295M
1201 West Cornelia Avenue
$1,295,000
Units
4
Asset Type
MultiFamily
Closing
Sep 3, 2024
About this deal
AI
The four-unit multifamily property located at 1201 West Cornelia Avenue in Chicago has been sold for $1,295,000. This asset is part of the Lake View/Wrigleyville area and is fully rented with updated features that blend vintage charm with modern improvements.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Units: 4
- Price Per Unit: $323,750
- Buyer's Representative: Peter Green - @Properties Christie's International Real Estate
- Seller's Representative: Rose Alvarez - Compass
In this transaction, Peter Green represented the buyer, while Rose Alvarez represented the seller. The deal showcases the collaboration between the two real estate agencies involved in facilitating the property exchange.
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
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93