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1844 W Belle Plaine Ave, Ch...

Updated Dec 21, 2023

Multifamily Property In Chicago Acquired For $1.5M On W Belle Plaine Ave
SOLDMultiFamily

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

Erica Cuneen

Broker

$1.5M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $196 per square foot on a published $1.5M for 7,632 square feet (2021).

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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

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