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1635 West Pierce Avenue

Adele Lang & Antonio Giamberduca Facilitate $1.365M Multifamily Sale In Chicago
SOLDMultiFamily

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

Adele Lang

Compass

Broker

$3.6M

vol

3 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

11.62%

Cash-on-Cash

-3.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93