Abraham Lee Acquires Multifamily Property In Pilsen, Chicago For $1.03M
1634 West Cermak Road, Chicago, Illinois 60608, United States
$1,030,000
$219/SF
Building Size
4,700 SF
Asset Type
MultiFamily
Closing
Dec 31, 2021
AI
The multifamily property located at 1634 W Cermak Rd in Pilsen, Chicago was recently sold. The transaction took place on December 31, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 1634 W Cermak Rd, Pilsen, Chicago
- Market: Pilsen, Chicago
The buyer of the property was Abraham Lee, while the seller was No Dadkhah. Representing the buyer were Michael Scanlon and Jake Fugman from The Axon Group. Lawrence Dunning from Main Street Real Estate Group served as the seller's representative.
The property was listed for an asking price of $1,059,000. It consists of 3 units, with each unit priced at approximately $343,333. The total square footage of the property is 4,700, resulting in a price per square foot of $219.
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93