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1644 North Hermitage Avenue

Michael Scanlon Of EXP Realty Represents Buyer In $1.25M Multifamily Sale In Chicago
SOLDMultiFamily

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:

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

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93