Updated Dec 4, 2024
1644 West Balmoral Avenue Multifamily Property Sold In Chicago With Buyer's Rep Zachary Redden And Seller's Rep Juliana & Benjamin Yeager&Properties Christie's Real Estate For $1.2M
1644 West Balmoral Avenue
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
A multifamily property located at 1644 West Balmoral Avenue in Chicago has recently been sold for a price of $1,200,000. This property is a part of the multifamily asset type and is situated in the Chicago market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 1644 West Balmoral Avenue
- Market: Chicago
The buyer's representative in this transaction was Zachary Redden from Redden+McDaniel. On the other hand, Juliana Yeager and Benjamin Yeager from Christie's International Real Estate Properties served as the seller's representatives.
It is worth noting that Zachary Redden, as the buyer's representative, successfully facilitated the purchase of the property, while Juliana Yeager and Benjamin Yeager, as the seller's representatives, were instrumental in negotiating the sale.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93