Updated Dec 20, 2023
Vanguard Real Estate Services LLC Acquires Multifamily Property In Chicago For $1.35M
1528 North Bosworth Avenue, Chicago, IL 60642
$1,350,000
$289/SF
Building Size
4,662 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
About this deal
AI
1528 N Bosworth Ave, a multifamily property located in Chicago, was recently sold in a closed transaction. The sale took place on November 17, 2021, with Ryan Cybulski of Vanguard Real Estate Services LLC representing the buyer, and Carolyn Anavi of Berkshire Hathaway HomeServices Chicago representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,350,000
- Units: 6
- Price per Unit: $225,000
- Square Footage: 4,662
- Price per Square Foot: $290
- Lot Square Footage: 3,000
- Price per Lot Square Foot: $450
The property consists of 6 units and spans across a total square footage of 4,662. The sale price for this multifamily asset was $1,350,000, resulting in a price per unit of $225,000. The price per square foot was calculated at $290, based on the total square footage. Additionally, the lot associated with the property measures 3,000 square feet, equating to a price per lot square foot of $450.
Ryan Cybulski, representing the buyer through Vanguard Real Estate Services LLC, facilitated the acquisition. On the other side of the deal, Carolyn Anavi from Berkshire Hathaway HomeServices Chicago served as the seller's representative. Their expertise and negotiation skills contributed to the successful completion of the transaction.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93