Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 1440 North Cleveland Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1.1M in 2021. The building is 4,100 square feet, implying about 263 per square foot on the published price. Stephen Fisher, Jonathan Gonsky, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Chicago, Illinois file for the 1440 North Cleveland Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1440 North Cleveland Avenue, Chicago, IL, USA around 2021. Published consideration for 1440 North Cleveland Avenue, Chicago, IL, USA is $1.1M, dated 2021. Cite this Charles Rutenberg Realty Acquires Multifamily Property In Chicago For $1.08M sale when underwriting similar multifamily product around Chicago, Illinois.
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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