Updated Dec 21, 2023
Timothy Salm Acquires Multifamily Property In Chicago For $1.8M
1965 North Burling Street, Chicago, IL 60614
$1,800,000
$590/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 1965 N Burling St in Chicago. The sale took place on December 17, 2021, with Timothy Salm from Jameson Sotheby's International Realty representing the buyer and John O'Neill from Compass representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 4
- Price Per Unit: $450,000
- Lot Square Footage: 3,049
- Price Per Square Foot: $590
This transaction showcases the expertise of Timothy Salm from Jameson Sotheby's International Realty, who represented the buyer, and John O'Neill from Compass, who represented the seller. They successfully facilitated the sale of this multifamily property in Chicago.
On the Map
$1,800,000
$590/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit John O'Neill to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93