Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,300,000
MultiFamily
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Chicago MultiFamily Market Snapshot
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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