Anthony Valdivieso Purchases Multifamily Asset At 1410 North Ashland Avenue For $1.785M
1410 North Ashland Avenue
$1,785,000
$209/SF
Building Size
8,510 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
AI
The property involved in this transaction is a multifamily asset located at 1410 North Ashland Avenue in Chicago. The transaction amount for the sale is $1,785,000, which translates to a per unit price of $223,125 for the 8 units within the building. The total square footage of the property is 8,510, resulting in a price per square foot of $209.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,785,000
- Units: 8
- Price Per Unit: $223,125
- Total Square Footage: 8,510
- Price Per Square Foot: $209
- Buyer: Anthony Valdivieso
- Seller: George Ieremciuc
- Buyer's Representative: Andrew Dorazio - Fitzgerald Real Estate
- Seller's Representatives: Joe Connelly & Trenton Nicioli - SVN | Chicago Commercial
The deal featured key individuals such as Anthony Valdivieso, the buyer, who is expanding his portfolio, and George Ieremciuc, the seller. The representation includes Andrew Dorazio from Fitzgerald Real Estate acting on behalf of the buyer, while Joe Connelly and Trenton Nicioli from SVN | Chicago Commercial represented the seller. The Dorazio Real Estate Team has noted the importance of this transaction in assisting their client on the journey toward financial freedom.
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
8.89%
Cash-on-Cash
-2.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93