Alexander Cohen Of Compass Represents Buyer In $1.15 Million Multifamily Sale In Chicago
1911 West Berteau Avenue
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 19, 2024
AI
A legal three-flat Victorian Queen Anne-style property located at 1911 West Berteau Avenue in Chicago's North Center sold for $1.15 million, translating to $383,333 per unit. The asset consists of three units and features nearly original woodwork and updated kitchens, offering a blend of historic charm and modern amenities, making it desirable for both owner-occupants and investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 3
- Price Per Unit: $383,333
- Buyer's Representative: Alexander Cohen - Compass
- Seller's Representatives: Heather Hillebrand & Zoe Hammond - Dream Town Real Estate
This transaction involved key representatives in the real estate market, with Alexander Cohen serving as the buyer's representative from Compass and Heather Hillebrand alongside Zoe Hammond representing the seller from Dream Town Real Estate.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93