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1649 West Superior Street

Century 21 Circle's Todd Burbank Closes $1.147M Sale Of Chicago Multifamily
SOLDMultiFamily

Century 21 Circle's Todd Burbank Closes $1.147M Sale Of Chicago Multifamily

1649 West Superior Street

$1,147,100

$328/SF

Building Size

3,494 SF

Asset Type

MultiFamily

Closing

Jun 25, 2024

AI

A four-unit multifamily property at 1649 West Superior Street in Chicago was sold for $1,147,100. The property offers significant value-add potential, a two-car garage, and is conveniently located near public transit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,147,100
  • Units: 4
  • Price per Unit: $286,775
  • Square Footage: 3,494
  • Price per Square Foot: $328
  • Address: 1649 West Superior Street, Chicago
  • Market: Chicago

The buyer's representative for this transaction was Todd Burbank from Century 21 Circle, while the seller's representative was Richard Anselmo from @Properties Christie's International Real Estate.

Players

Richard Anselmo

At Properties Commercial

Broker

$5.4M

vol

5 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

13.83%

Cash-on-Cash

-3.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93