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1431 North Cleaver Street, ...

Updated Dec 21, 2023

Darko Tesanovic Acquires Multifamily Property On N Cleaver St, Chicago For $1.35M
SOLDMultiFamily

Darko Tesanovic Acquires Multifamily Property On N Cleaver St, Chicago For $1.35M

1431 North Cleaver Street, Chicago, Illinois 60642, United States

$1,352,000

$432/SF

Building Size

3,125 SF

Asset Type

MultiFamily

Closing

Feb 6, 2022

About this deal

AI

A multifamily property located at 1431 N Cleaver St in Chicago has been sold for a total of $1,352,000. The property consists of 4 units, with each unit having an average price of $338,000. The total lot size is 3,125 square feet, resulting in a price per square foot of $433.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,352,000
  • Units: 4
  • Price per Unit: $338,000
  • Lot Size: 3,125 square feet
  • Price per square foot: $433

The buyer in this transaction was represented by Darko Tesanovic from Darko Tesanovic, while the seller was represented by Justin Hoskins from Kale Realty.

Players

Darko Tesanovic

Broker

$1.4M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $432 per square foot on a published $1.4M for 3,125 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.73%

Cash-on-Cash

-3.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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