Anthony Freeman Acquires Multifamily Property On N Cleaver St, Chicago For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsMultiFamily1,100 SF
Sold 03/31/2021
SOLD
Anthony Freeman Acquires Multifamily Property On N Cleaver St, Chicago For $1.1M
1429 N Cleaver St, Chicago, IL, USA
See Similar DealsMultiFamily1,100 SF
Sold 03/31/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:1,100 SF
Transaction Type:Sale
An apartment building located at 1429 N Cleaver St in Chicago was recently sold for $1,100,000. The multifamily property consists of 3 units, with a price per unit of $366,667. The transaction took place on March 31, 2021, and was facilitated by Anthony Freeman from Compass, representing the buyer, and Kevin Schnell from MO2 Brokerage LLC, representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 1429 N Cleaver St, Chicago
- Market: Chicago
- Units: 3
- Price per Unit (PPU): $366,667
Anthony Freeman from Compass acted as the buyer's representative in the deal, while Kevin Schnell from MO2 Brokerage LLC represented the seller. The sale of this multifamily property marks a successful transaction in the Chicago real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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