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:
- Property Type: Multifamily
- Transaction Amount: $1,362,444
- Units: 2
- Price Per Unit: $681,222
- Market: Chicago
- Buyer's Rep: Dee Thompson - @Properties Christie's International Real Estate
- Seller's Rep: Jacob McClure - Fulton Grace Realty
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
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