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
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