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1959 North Seminary Avenue,...

USREALTY.com Broker Represents $1.16M Sale Of 5-Unit Multifamily Property In Chicago
SOLDMultiFamily

USREALTY.com Broker Represents $1.16M Sale Of 5-Unit Multifamily Property In Chicago

1959 North Seminary Avenue, Chicago, IL 60614

$1,160,000

$483/SF

Building Size

2,400 SF

Asset Type

MultiFamily

Closing

Aug 31, 2021

AI

Located in Chicago, the multifamily property at 1959 N Seminary Ave was recently sold for a transaction amount of $1,160,000. The property features 5 units, with each unit having an average price per unit of $232,000. The lot size of the property is 2,400 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000
  • Units: 5
  • Price Per Unit: $232,000
  • Lot Size: 2,400 square feet

The transaction was facilitated by Derek Morgan from USREALTY.com. With their expertise, Derek Morgan represented the parties involved in the deal, ensuring a smooth transaction process.

Players

Derek Morgan

Broker

$1.2M

vol

1 deal

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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93