Fitzgerald Real Estate Inc Acquires Multifamily Property In Chicago For $2.09M
1246 N Artesian Ave, Chicago, IL, USA
$2,090,000
$685/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Sep 8, 2021
AI
The multifamily property located at 1246 N Artesian Ave in Chicago has been sold. The transaction took place on 09/09/2021, and the property was purchased for a total of $2,090,000. The lot size of the property is 3,049 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,090,000
- Lot Size: 3,049 square feet
- Address: 1246 N Artesian Ave, Chicago
Andrew Dorazio from Fitzgerald Real Estate Inc represented the buyer in this transaction, while Val Vasilyev from Core Realty & Investments Inc acted as the seller's representative.
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
7.59%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93