Updated Dec 21, 2023
Baird & Warner Acquires Multifamily Property In Chicago For $1.02M
1940 North Sheffield Avenue, Chicago, IL 60614
$1,025,000
$410/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Oct 14, 2021
About this deal
AI
The multifamily property located at 1940 N Sheffield Ave in Chicago has been sold for a total price of $1,025,000. The property consists of 2 units, with each unit having a price per unit (PPU) of $512,500. The lot size of the property is 2,500 square feet, resulting in a price per square foot (PPLSF) of $410.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,025,000
- Units: 2
- PPU: $512,500
- Lot Size: 2,500 square feet
- PPLSF: $410
The buyer's representative in this transaction is Larissa Brodsky from Baird & Warner. On the other hand, Laura Renaldo from Trd Property Group represents the seller. Both parties played instrumental roles in securing the deal for their respective clients.
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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93