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1634 West Cermak Road, Chic...

Abraham Lee Acquires Multifamily Property In Pilsen, Chicago For $1.03M
SOLDMultiFamily

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

Michael Scanlon

EXP Realty

Broker

$17.5M

vol

14 deals

Broker

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