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1502 North Hudson Avenue

Roman Patzner & Mohammed Khan Broker $1.3M Multifamily Sale In Chicago
SOLDMultiFamily

Roman Patzner & Mohammed Khan Broker $1.3M Multifamily Sale In Chicago

1502 North Hudson Avenue

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

A multifamily property located at 1502 North Hudson Avenue in Chicago was recently sold for $1.3 million. Roman Patzner of Fulton Grace Realty represented the buyer, while Mohammed Khan of Westward 360 represented the seller in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 1502 North Hudson Avenue
  • Market: Chicago
  • Buyer's Representative: Roman Patzner - Fulton Grace Realty
  • Seller's Representative: Mohammed Khan - Westward 360

Roman Patzner of Fulton Grace Realty and Mohammed Khan of Westward 360 played essential roles as the buyer's and seller's representatives, respectively, in the successful sale of the multifamily property. The deal highlights the expertise and negotiation skills of the involved real estate professionals in facilitating the transaction.

Players

Roman Patzner

Fulton Grace Realty

Broker

$6.8M

vol

5 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93