Updated Dec 4, 2024
Multifamily Property In Chicago Sells For $1.4M With Buyer's Rep Greg Whelan & Seller's Rep Al Zoubi
1340 North Dean Street
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
1340 North Dean Street in Chicago, a multifamily property, sold for $1.4 million. The buyer, represented by Greg Whelan of Redfin, and the seller, represented by Al Zoubi of Zoubi Realty Ltd, completed the transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Buyer's Representative: Greg Whelan - Redfin
- Seller's Representative: Al Zoubi - Zoubi Realty Ltd
Greg Whelan of Redfin acted as the buyer's representative in the sale of 1340 North Dean Street. Meanwhile, Al Zoubi of Zoubi Realty Ltd represented the seller. This transaction further strengthens the presence of both companies in the Chicago market.
On the Map
$1,400,000
MultiFamily
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93