Evelyn Fred Of Baird & Warner Acquires Multifamily Property In Chicago For $1M
1644 North Marshfield Avenue, Chicago, IL 60622
$1,000,000
$307/SF
Building Size
3,250 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
AI
The multifamily property located at 1644 N Marshfield Ave in Chicago has been sold for $1,000,000. The transaction took place on November 10, 2021. The property consists of three units, with a price per unit (PPU) of $333,333. The lot size is 3,250 square feet, making the price per square foot (PPLSF) $308.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- PPU: $333,333
- Lot Size: 3,250 square feet
- PPLSF: $308
Evelyn Fred from Baird & Warner represented the buyer in this transaction, while Ryan Preuett from Jameson Sotheby's International Realty represented the seller.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93