facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1951 North Fremont Street, ...

Dremtown Realty Acquires Multifamily Property In Lincoln Park For $2.4M
SOLDMultiFamily

Dremtown Realty Acquires Multifamily Property In Lincoln Park For $2.4M

1951 North Fremont Street, Chicago, Illinois 60614, United States

$2,465,000

$535/SF

Building Size

4,600 SF

Asset Type

MultiFamily

Closing

Mar 9, 2022

AI

A multifamily property located at 1951 N Fremont St in Lincoln Park was recently sold. The property consists of 7 units with a total square footage of 4,600. The asking price for the property was $2,605,000, and it was ultimately sold for $2,465,000, resulting in a price per unit of $352,143 and a price per square foot of $536.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,465,000
  • Address: 1951 N Fremont St
  • Market: Lincoln Park

The buyer's representative in the deal was John Campas from Dremtown Realty, while the seller's representative was Victoria Waliczek from Coldwell Banker.

These individuals and their respective agencies played crucial roles in the successful completion of this transaction.

Players

John Campas

Dream Town Realty

Broker

$3.6M

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

6.44%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93