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1528 North Bosworth Avenue,...

Updated Dec 20, 2023

Vanguard Real Estate Services LLC Acquires Multifamily Property In Chicago For $1.35M
SOLDMultiFamily

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

Ryan Cybulski

Broker

$2.5M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $289 per square foot on a published $1.4M for 4,662 square feet (2021).

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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

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