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:
- Property Type: MultiFamily
- Transaction Amount: $1,360,000.00
- Address: 1700 S Union Ave
- Market: Chicago
- Square Footage: 4,336.0
- Buyer: Emerald Home Investment LLC
- Seller: Brad
- Brokers: Lawrence Dunning - Main Street Real Estate Group, Tan Su - Kale Realty
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
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