Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 11
- Price Per Unit: $163,636
- Buyer's Representative: William Goldberg - Fulton Grace Realty
- Seller's Representative: Katia Craig - Becovic Management Group Inc
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.
On the Map
$1,800,000
MultiFamily
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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