Updated Dec 4, 2024
Camille Canales & Leigh Marcus Facilitate $1.425M MultiFamily Sale In Chicago
1406 North Cleveland Avenue
$1,425,000
Units
3
Asset Type
MultiFamily
Closing
Apr 24, 2024
About this deal
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.
The multifamily sale at 1406 North Cleveland Avenue in Chicago, Illinois sold for $1.4M in 2024. Reported inventory is 3 units across 3 units. Leigh Marcus, Camille Canales, At Properties Commercial, Compass appear on the sale alongside At Properties Commercial, Compass. This page is the Chicago, Illinois file for the 1406 North Cleveland Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1406 North Cleveland Avenue around 2024. Published consideration for 1406 North Cleveland Avenue is $1.4M, dated 2024. Cite this Camille Canales & Leigh Marcus Facilitate $1.425M MultiFamily Sale In Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93