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1410 North Ashland Avenue

Anthony Valdivieso Purchases Multifamily Asset At 1410 North Ashland Avenue For $1.785M
SOLDMultiFamily

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

Andrew Dorazio

Dorazio Real Estate

Broker

$8.6M

vol

6 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

8.89%

Cash-on-Cash

-2.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93