facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1845 West Superior Street

1845 West Superior Street Multifamily In Chicago Sold For $1.2 Million With Brokers Arno Gerbrecht Jeffrey Lowe & Melanie Giglio-Vakos
SOLDMultiFamily

1845 West Superior Street Multifamily In Chicago Sold For $1.2 Million With Brokers Arno Gerbrecht Jeffrey Lowe & Melanie Giglio-Vakos

1845 West Superior Street

$1,200,000

Building Size

Asset Type

MultiFamily

Closing

Jul 30, 2024

AI

A renovated multi-family building located at 1845 West Superior Street in Chicago has been sold for $1.2 million. The all-brick property comprises a three-bedroom duplex and two one-bedroom units, which were updated in 2017 featuring modern finishes and new mechanical systems. The building also includes a two-car garage.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 1845 West Superior Street
  • Market: Chicago
  • Asset Characteristics: Renovated multi-family building, three-bedroom duplex, two one-bedroom units, updated in 2017, modern finishes, new mechanical systems, two-car garage

The transaction involved brokers Arno Gerbrecht, Jeffrey Lowe, and Melanie Giglio-Vakos, all from Compass. Their collective expertise contributed to the successful sale of this property in the competitive Chicago market.

Players

Jeffrey Lowe

Compass

Broker

$95.8M

vol

30 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93