Updated Dec 20, 2023
Homesmart Connect LLC Acquires Multifamily Property On S Karlov Ave In Chicago For $1.1M
1300 South Karlov Avenue, Chicago, Illinois 60623, United States
$1,100,000
$174/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Jun 30, 2021
About this deal
AI
A multifamily property located at 1300 S Karlov Ave in Chicago has been sold for a total transaction amount of $1,100,000. The property consists of 17 units, with an average price per unit of $64,706. The sale took place on July 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 17
- Price Per Unit: $64,706
- Market: Chicago
Victor Jimenez from Homesmart Connect LLC represented the buyer in this transaction, while Juan Loza from American International Realty represented the seller.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93