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1248 North Paulina Street

Blazena Bilic & Matthew Liss Facilitate $1.693M Sale Of Multifamily Property In Chicago
SOLDMultiFamily

Blazena Bilic & Matthew Liss Facilitate $1.693M Sale Of Multifamily Property In Chicago

1248 North Paulina Street

$1,693,000

Building Size

Asset Type

MultiFamily

Closing

Apr 29, 2024

AI

A multi-family property located at 1248 North Paulina Street in Chicago was sold for $1,693,000. The property features a meticulously designed 3-unit building with a spacious duplex owner's unit spanning over 3,400 square feet, showcasing exceptional architectural features and luxury amenities. Each rental unit offers high-quality finishes, individual heating and cooling systems, and in-unit washer-dryer setups, making them attractive investment opportunities with potential for increased rental income.

Summary of transaction details:

The sale of the multi-family property at 1248 North Paulina Street in Chicago was facilitated by brokers Blazena Bilic and Matthew Liss of Mark Allen Realty. The property attracted attention for its exceptional design, luxury amenities, and investment potential, making the deal a successful transaction for all parties involved.

Players

Matthew Liss

Mark Allen Realty

Broker

$5.6M

vol

3 deals

Broker

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

9.37%

Cash-on-Cash

-2.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93