Updated Sep 9, 2024
Quest Realty Group LLC Acquires Multifamily Property In Chicago For $1.2M
1334 West Cornelia Avenue, Chicago, Illinois 60657, United States
$1,199,999
$320/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
The multifamily property located at 1334 W Cornelia Ave in Chicago has been sold for $1,199,999. The property covers a lot size of 3,750 square feet, resulting in a price per square foot of $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,199,999
- Lot Size: 3,750 square feet
- Price per Square Foot: $320
- Market: Chicago
The buyer's representative, Jason Vondrachek from Quest Realty Group LLC, facilitated the purchase of this multifamily property. On the other hand, Aaron Anovitz from Anovitz Associates Inc represented the seller in this transaction.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93