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Camille Canales & Leigh Marcus Facilitate $1.425M MultiFamily Sale In Chicago

Property Image
SOLD
$1,425,000
Leigh Marcus
Camille Canales

Illinois

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MultiFamily
Sold 04/24/2024
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Property Image
SOLD

Camille Canales & Leigh Marcus Facilitate $1.425M MultiFamily Sale In Chicago

1406 North Cleveland Avenue

See Similar Deals
MultiFamily
Sold 04/24/2024
Leigh Marcus
Camille Canales
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

In Chicago, a multifamily property located at 1406 North Cleveland Avenue was recently sold for $1,425,000. The property consists of three units, resulting in a price per unit of $475,000.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,425,000
  • Address: 1406 North Cleveland Avenue
  • Market: Chicago
  • Units: 3
  • Price Per Unit: $475,000

Camille Canales from Compass served as the buyer's representative in the transaction, while Leigh Marcus from @properties Christie's International Real Estate represented the seller.

Players

Leigh Marcus
At Properties Commercial
Leigh Marcus
5 deals$13.1M volume
BROKER
Camille Canales
Compass
Camille Canales
2 deals$3M volume(512) 417-1708
BROKER

Details

SOLD
IMAGE: Camille Canales & Leigh Marcus DATE: 04/24/2024 ADDRESS: 1406 North Cleveland Avenue MARKET: Chicago ASSET TYPE: MultiFamily BUYER'S REP: Camille Canales (@CamillecCanales) - Compass (@Compass) SELLER'S REP: Leigh Marcus (@LeighMarcuschicago) - @properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,425,000 UNITS: 3 ~ PPU: $475,000 NOTE: In Chicago, a multifamily property at 1406 North Cleveland Avenue was sold for $1,425,000, representing a price per unit of $475,000 for its three units. Camille Canales of Compass represented the buyer, while Leigh Marcus of @properties Christie's International Real Estate represented the seller in this transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72