Updated Dec 21, 2023
Jake Steinle's Compass Represents Buyer & Allen Johnson's Menard Johnson & Associates Represents Seller In $1.57M Chicago Multifamily Sale
1735 West Waveland Avenue, Chicago, IL 60613
$1,570,000
$502/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
About this deal
AI
A multifamily property located at 1735-37 W Waveland Ave in Chicago has been sold for a total price of $1,570,000. The property consists of 6 units, with each unit having an average price per unit (PPU) of $261,667. The lot size of the property is 3,125 square feet, resulting in a price per square foot (PPLSF) of $502.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Units: 6
- PPU: $261,667
- Lot Size: 3,125 square feet
- PPLSF: $502
The buyer in this transaction was represented by Jake Steinle from Compass, while Allen Johnson from Menard Johnson & Associates acted as the seller's representative.
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
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93