facebook
Traded Co logo
Submit
Daily limit: 0/10

Paul Cawthon & Angelo Labriola Of SVN Facilitate $3.4M Sale Of Multifamily Building In Chicago's Pilsen Area

Property Image
SOLD
$3,400,000

Illinois

See Similar Deals
MultiFamily
Sold 05/08/2024
the dealplayerscompscontact
Property Image
SOLD

Paul Cawthon & Angelo Labriola Of SVN Facilitate $3.4M Sale Of Multifamily Building In Chicago's Pilsen Area

1800 South Carpenter Street

See Similar Deals
MultiFamily
Sold 05/08/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

An 11-unit apartment building located at 1800 S. Carpenter St. in Chicago's Pilsen neighborhood was sold for $3,400,000. The transaction was facilitated by SVN Chicago Commercial, with Paul Cawthon and Angelo Labriola of SVN representing both the buyer and seller. The out-of-state buyer secured a Freddie Mac Small Balance Loan for the purchase.

Summary of transaction details:

The sale also involved the out-of-state buyer obtaining the Freddie Mac Small Balance Loan (SBL) for the purchase, showcasing the financial aspect behind the successful acquisition of the property.

Players

Paul Cawthon
12 deals$28.5M volume
BROKER

Angelo Labriola
SVN
11 deals$26.6M volume(312) 676-1870
BROKER

Details

SOLD
IMAGE: Paul Cawthon & Angelo Labriola DATE: 05/08/2024 ADDRESS: 1800 South Carpenter Street MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Paul Cawthon & Angelo Labriola (@CLG_Chicago) - SVN (@SVN_Chicago) SALE PRICE: $3,400,000 UNITS: 11 ~ PPU: $309,091 NOTE: SVN Chicago Commercial facilitated the $3.4 million sale of an 11-unit apartment building situated at 1800 S. Carpenter St. in Chicago's Pilsen neighborhood. The transaction, represented by Paul Cawthon and Angelo Labriola of SVN, involved both the buyer and seller, with the out-of-state buyer obtaining a Freddie Mac Small Balance Loan (SBL) for the purchase.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82