Updated Oct 28, 2024
The Manderly Group Acquires Multifamily Property On W Jarvis Ave In Chicago For $1.4M
1610 West Jarvis Avenue, Chicago, IL 60626
$1,425,000
$203/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
A multifamily property located at 1610 W Jarvis Ave in Chicago has been sold. The property consists of 10 units and spans 7,000 square feet. The sale took place on April 28, 2021, with an asking price of $1,500,000. The property was ultimately sold for $1,425,000, resulting in a price per unit of $142,500 and a price per square foot of $204.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 1610 W Jarvis Ave, Chicago
- Market: Chicago
The buyer of the property is The Manderly Group, represented by Josh Dolgin from @ManderlyGroup. The brokers involved in the deal were Rick Ofman and Danny Logarakis.
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93