facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1954-56 West Diversey Avenu...

Monarch Realty Partners Acquires Multifamily Property In Chicago For $2.3M
SOLDMultiFamily

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

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.

Players

Berthene Christos

Broker

$4.8M

vol

3 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

7.00%

Cash-on-Cash

-2.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93