Updated Dec 19, 2023
Dream Town Realty Acquires Multifamily Property In Chicago For $1.2M
1410 North North Park Avenue, Chicago, IL, USA
$1,200,000
$240/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Mar 14, 2021
About this deal
AI
The multifamily property located at 1410 N North Park Ave in Chicago has recently been sold. The transaction took place on March 15, 2021. The property was sold for a total price of $1,200,000. The property spans approximately 5,000 square feet, resulting in a price per square foot of $240.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 1410 N North Park Ave, Chicago
- Market: Chicago
Brendan Murphy from Dream Town Realty represented the buyer in this transaction, while Craig Isacson from @properties represented the seller.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93