Urban Abodes Represents Buyer In $1.1M Multifamily Sale On N. California Ave, Chicago
1857 North California Avenue, Chicago, IL, USA
$1,115,000
$384/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
AI
The multifamily property located at 1857 N. California Avenue in Chicago has been sold for $1,115,000. The transaction took place on January 8, 2021. The property, represented by Berthene Christos from Urban Abodes, was acquired by an undisclosed buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,115,000
Mark Pieczka from Homeland Sales & Development acted as the seller's representative in this sale. The property, with its prime location in Chicago, attracted strong interest from potential buyers. This successful transaction highlights the thriving real estate market in the area.
Players
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
14.23%
Cash-on-Cash
-4.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93