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1406 North Cleveland Avenue

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

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

1406 North Cleveland Avenue

$1,425,000

Building Size

Asset Type

MultiFamily

Closing

Apr 24, 2024

AI

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

Broker

$13.1M

vol

5 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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93