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1352 West Carmen Avenue, Ch...

Barbara O'Connor Of Dream Town Realty Sells Chicago Multifamily Property For $2.2M
SOLDMultiFamily

Barbara O'Connor Of Dream Town Realty Sells Chicago Multifamily Property For $2.2M

1352 West Carmen Avenue, Chicago, IL 60640

$2,200,000

$366/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Dec 20, 2021

AI

The multifamily property located at 1352 W Carmen Ave in Chicago has been sold for a price of $2,200,000. The transaction took place on December 20, 2021. This property consists of 10 units, making the price per unit $220,000. The lot size of the property is 6,000 square feet, resulting in a price per square foot of $367.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 10
  • Price Per Unit: $220,000
  • Lot Size: 6,000 square feet
  • Price Per Square Foot: $367

Barbara O'Connor from Dream Town Realty represented the seller in this transaction.

Players

Barbara O'Connor

Dream Town Realty

Broker

$3.3M

vol

2 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93