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1429 N Cleaver St, Chicago,...

Anthony Freeman Acquires Multifamily Property On N Cleaver St, Chicago For $1.1M
SOLDMultiFamily

Anthony Freeman Acquires Multifamily Property On N Cleaver St, Chicago For $1.1M

1429 N Cleaver St, Chicago, IL, USA

$1,100,000

$1,000/SF

Building Size

1,100 SF

Asset Type

MultiFamily

Closing

Mar 30, 2021

AI

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.

Players

Anthony Freeman

Compass

Broker

$1.1M

vol

1 deal

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93