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1410 North Elk Grove Avenue

William Goldberg Of Fulton Grace Realty Represents Buyer In $1.8M Multifamily Sale In Chicago
SOLDMultiFamily

William Goldberg Of Fulton Grace Realty Represents Buyer In $1.8M Multifamily Sale In Chicago

1410 North Elk Grove Avenue

$1,800,000

Units

11

Asset Type

MultiFamily

Closing

Aug 15, 2024

AI

A multifamily property located at 1410 North Elk Grove Avenue in Chicago has been sold for $1.8 million. The property includes two RT-4-zoned lots totaling approximately 9,000 square feet: one containing a 9-unit building and the other featuring a 2-unit building and garage. The property was on the market for the first time in over 50 years.

Summary of transaction details:

William Goldberg represented the buyer in this transaction while Katia Craig represented the seller, highlighting the professional roles taken in this multifamily property deal in the Chicago market.

Players

William Goldberg

Fulton Grace Realty

Broker

$2.8M

vol

2 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93