Updated Dec 21, 2023
Gene Hart Acquires Multifamily Property In North Lawndale For $1.06M
1250 South Karlov Avenue, Chicago, IL 60623
$1,065,000
$968/SF
Building Size
1,100 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
About this deal
AI
The multifamily property located at 1250 S. Karlov Avenue in North Lawndale has been sold for $1,065,000. The transaction took place on April 28, 2021, and the property consists of 15 units. With a price per unit (PPU) of $71,000, this sale represents a capitalization rate (CAP) of 11.3%. The property was represented by broker Gene Hart.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Units: 15
- Price Per Unit (PPU): $71,000
- Capitalization Rate (CAP): 11.3%
Gene Hart, the broker in charge of this transaction, played a crucial role in facilitating the sale of the property. His expertise and negotiation skills were key in achieving a successful deal for all parties involved.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Gene Hart to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.89%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93