facebook
Traded Co logo
Submit
Daily limit: 0/10

Anish Sheth & Daniel Ritter Purchase Multifamily Property In Chicago For $1.25M As Buyer's Reps

Property Image
SOLD
$1,250,000
Anish Sheth
Ryan Blake
Michael Masterson
+ 1

Illinois

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Anish Sheth & Daniel Ritter Purchase Multifamily Property In Chicago For $1.25M As Buyer's Reps

1511 West Nelson Street

See Similar Deals
MultiFamily
Sold
Anish Sheth
Ryan Blake
Michael Masterson
+ 1
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A unique multifamily property located at 1511 West Nelson Street in Chicago was sold for $1,250,000. The property features a two-unit main house with high-end finishes and a rear coach house, offering a total of 10 bedrooms, 7 bathrooms, separate HVAC systems for each unit, shared common laundry, and recent updates including a new roof, furnace, plumbing, windows, and renovated interiors, making it an attractive investment opportunity.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 1511 West Nelson Street
  • Market: Chicago

Anish Sheth and Daniel Ritter of Third Coast Realty represented the buyer, while Michael Masterson and Ryan Blake of Essex 312 acted as the seller's representatives in the transaction.

Players

Anish Sheth
Anish Sheth
4 deals$9.3M volume(773) 368-1456
BROKER
Ryan Blake
Essex 312
Ryan Blake
4 deals$6.8M volume(773) 458-5428
BROKER
Michael Masterson
Essex 312
Michael Masterson
3 deals$5.6M volume(312) 961-1054
BROKER
DR
Daniel Ritter
1 deal$1.3M volume
BROKER

Details

SOLD
IMAGE: Daniel Ritter, Ryan Blake, Michael Masterson & Anish Sheth DATE: 05/22/2024 ADDRESS: 1511 West Nelson Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Anish Sheth & Daniel Ritter - Third Coast Realty SELLER'S REP: Michael Masterson & Ryan Blake - Essex 312 (@EssexThreeTwelve) SALE PRICE: $1,250,000 NOTE: A unique multifamily property located at 1511 West Nelson Street in Chicago was sold for $1,250,000. The property features a two-unit main house with high-end finishes and a rear coach house, offering a total of 10 bedrooms, 7 bathrooms, separate HVAC systems for each unit, shared common laundry, and recent updates including a new roof, furnace, plumbing, windows, and renovated interiors, making it an attractive investment opportunity. Anish Sheth and Daniel Ritter of Third Coast Realty represented the buyer, while Michael Masterson and Ryan Blake of Essex 312 acted as the seller's representatives in the transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65