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1644 North Marshfield Avenu...

Evelyn Fred Of Baird & Warner Acquires Multifamily Property In Chicago For $1M
SOLDMultiFamily

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

Ryan Preuett

Sotheby's International Realty

Broker

$43.4M

vol

8 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93