Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,100,000
$1,000/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93