Monarch Realty Partners Acquires Multifamily Property In Chicago For $2.3M
1954-56 West Diversey Avenue, Chicago, IL, USA
$2,265,000
$226/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Feb 7, 2021
AI
The multifamily property located at 1954-56 W Diversey Ave in Chicago has been sold for $2,265,000. The transaction took place on February 8, 2021, with a total of 6 units in the building. This translates to a price per unit of $377,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,265,000
- Address: 1954-56 W Diversey Ave, Chicago
- Market: Chicago
- Buyer's Representative: Brian Semel - Monarch Realty Partners LLC
- Seller's Representative: Berthene Christos - Urban Abodes Chicago
Brian Semel from Monarch Realty Partners LLC represented the buyer in this transaction, while Berthene Christos from Urban Abodes Chicago represented the seller. Both parties played a crucial role in facilitating the successful deal.
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
7.00%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93