facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1911 West Berteau Avenue

Alexander Cohen Of Compass Represents Buyer In $1.15 Million Multifamily Sale In Chicago
SOLDMultiFamily

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:

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

Heather Hillebrand

Broker

$2.4M

vol

2 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93