Updated Dec 21, 2023
Multifamily Property In Chicago Acquired For $1.5M On W Belle Plaine Ave
1844 W Belle Plaine Ave, Chicago, IL, USA
$1,500,000
$196/SF
Building Size
7,632 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
The multifamily property located at 1844 W Belle Plaine Ave in Chicago has been sold for a total price of $1,500,000. The transaction took place on 08/24/2021 and was facilitated by Erica Cuneen of Beyond Properties Realty Group. The property spans a total area of 7,632 square feet, resulting in a price per square foot of $197. The lot size of the property is 6,250 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 08/24/2021
- Address: 1844 W Belle Plaine Ave, Chicago
- Market: Chicago
- Broker: Erica Cuneen - Beyond Properties Realty Group
- Property Size: 7,632 square feet
- Price per Square Foot: $197
- Lot Size: 6,250 square feet
Erica Cuneen of Beyond Properties Realty Group played a crucial role in the transaction as the broker representing the buyer and seller. With their expertise, they ensured a successful deal for both parties involved.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93