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1442 North North Park Avenue

1442 North North Park Avenue Two-Unit Building In Old Town Chicago Sells For $1.36M
SOLDMultiFamily

1442 North North Park Avenue Two-Unit Building In Old Town Chicago Sells For $1.36M

1442 North North Park Avenue

$1,362,444

Building Size

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

A 7,000-square-foot, two-unit building at 1442 North North Park Avenue in Chicago's Old Town was sold for $1,362,444. Each unit features 3 bedrooms, 3 bathrooms, marble fireplaces, commercial-grade kitchens, and private rooftop decks. One of the units is currently rented for $4,500 per month.

Summary of transaction details:

Dee Thompson of @Properties Christie's International Real Estate and Jacob McClure of Fulton Grace Realty were the key individuals involved in brokering the deal for the two-unit building at 1442 North North Park Avenue in Chicago's Old Town. Thompson represented the buyer, while McClure was the seller's representative.

Players

Dee Thompson

At Properties Commercial

Broker

$3.1M

vol

2 deals

Broker

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

11.64%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93