Michael Scanlon Of EXP Realty Represents Buyer In $1.25M Multifamily Sale In Chicago
1644 North Hermitage Avenue
$1,250,000
$325/SF
Building Size
3,843 SF
Asset Type
MultiFamily
Closing
Apr 1, 2024
AI
1644 North Hermitage Avenue in Chicago is a multifamily property that was recently sold for $1,250,000. The property spans 3,843 square feet, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1644 North Hermitage Avenue
- Market: Chicago
- Buyer's Rep: Michael Scanlon - EXP Realty
- Seller's Rep: Jason Rowland & Joso Goreta - Compass
Michael Scanlon from EXP Realty represented the buyer in the transaction, while Jason Rowland and Joso Goreta from Compass represented the seller in the sale of 1644 North Hermitage Avenue.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93