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1700 S Union Ave

Emerald Home Investment LLC Acquires Multifamily Property From Brad In Chicago For $1.36M
SOLDMultiFamily

Emerald Home Investment LLC Acquires Multifamily Property From Brad In Chicago For $1.36M

1700 S Union Ave

$1,360,000

$313/SF

Building Size

4,336 SF

Asset Type

MultiFamily

Closing

Dec 24, 2024

AI

The property asset is a MultiFamily type located at 1700 S Union Ave in the Chicago market. The transaction was completed at a price of $1,360,000.00 for a total square footage of 4,336.0.

Summary of transaction details:

Lawrence Dunning from Main Street Real Estate Group and Tan Su from Kale Realty represented the parties involved in the transaction. Emerald Home Investment LLC was the purchasing entity in this deal, while Brad was the seller.

Players

Lawrence Dunning

Main Street Real Estate Group

Broker

$5.9M

vol

5 deals

Broker
EL
Emerald Home Investment LLCBuyer

Brad

Seller
Seller

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

11.66%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93