Updated Sep 9, 2024
Multifamily Property In Old Town Chicago Sold For $1.4M With Broker Tatiana Rea's Representation
1430 North Cleveland Avenue
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 6, 2023
About this deal
AI
The multifamily property located at 1430 North Cleveland Avenue in Chicago's Old Town neighborhood was recently sold for $1,400,000. Built in 2014, the property offers spacious living spaces, outdoor areas, and modern amenities, making it highly desirable for tenants seeking top-notch accommodations.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,400,000
- Lot Size: 2,928 square feet
- Price per Square Foot: $478
- Market: Chicago
Tatiana Rea of Properties served as the broker for this transaction, representing the buyer and seller.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93