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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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