Adele Lang & Antonio Giamberduca Facilitate $1.365M Multifamily Sale In Chicago
1635 West Pierce Avenue
$1,365,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 26, 2024
AI
In Chicago, a multifamily property located at 1635 West Pierce Avenue was sold for $1,365,000. The property features two nearly new construction units with high-end finishes, including modern kitchens with premium appliances, terraces with skyline views, and convenient access to transportation and dining options.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Address: 1635 West Pierce Avenue
- Market: Chicago
Adele Lang from Compass represented the buyer in this transaction, while Antonio Giamberduca from Baird & Warner represented the seller. The deal showcases the collaboration between these two real estate professionals in facilitating the successful sale of the multifamily property.
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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93