Charles Rutenberg Realty Acquires Multifamily Property In Chicago For $1.08M
1440 North Cleveland Avenue, Chicago, IL, USA
$1,080,000
$263/SF
Building Size
4,100 SF
Asset Type
MultiFamily
Closing
Jan 10, 2021
AI
A multifamily property located at 1440 N. Cleveland Avenue in Chicago has been sold for $1,080,000. The transaction took place on 01/11/2021. The property was listed on Instagram by Jonathan Gonsky and Stephen Fisher.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Address: 1440 N. Cleveland Avenue, Chicago
- Market: Chicago
Jonathan Gonsky of Charles Rutenberg Realty represented the buyer in this transaction. Stephen Fisher from Berkshire Hathaway HomeServices acted as the seller's representative.
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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93