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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93