Lawrence Dunning of Main Street Real Estate Group Represents Buyer In $1,425M Sale Of Chicago Multifamily
1726 West Cullerton Street
$1,425,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 12, 2024
AI
The new construction 3-unit multifamily building located at 1726 West Cullerton Street in Chicago was sold for $1,425,000. Situated in Pilsen, the property boasts state-of-the-art finishes, open-concept layouts, and offers prime access to public transportation and local amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Units: 3
- Price per Unit: $475,000
- Address: 1726 West Cullerton Street, Chicago
- Market: Chicago
- Buyer's Rep: Lawrence Dunning - Main Street Real Estate Group
- Seller's Rep: Conrad Sienkiewicz - Core Realty & Investments
Lawrence Dunning of Main Street Real Estate Group represented the buyer in the sale of this property, facilitating the transaction in the sought-after neighborhood of Pilsen.
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93