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1864 N Sheffield Ave, Chica...

Jameson Sotheby's Intl Realty Sells Multifamily Property In Chicago's Sheffield Ave For $1.125M
SOLDMultiFamily

Jameson Sotheby's Intl Realty Sells Multifamily Property In Chicago's Sheffield Ave For $1.125M

1864 N Sheffield Ave, Chicago, IL, USA

$1,125,000

$405/SF

Building Size

2,772 SF

Asset Type

MultiFamily

Closing

Mar 1, 2021

AI

The multifamily property located at 1864 N Sheffield Ave in Chicago has been sold for $1,125,000. The property consists of 2 units, with a price per unit of $562,500. The sale took place on 03/02/2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Units: 2
  • Price Per Unit: $562,500
  • Date: 03/02/2021
  • Address: 1864 N Sheffield Ave, Chicago

Victor Jones from HomeSmart Realty Group represented the buyer in this transaction, while Jennifer Mills from Jameson Sotheby's Intl Realty represented the seller.

Players

Jennifer Mills

Sotheby's International Realty

Broker

$16M

vol

4 deals

Broker

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93