Updated Dec 4, 2024
Sidrah Atiq Of Corcoran Urban Real Estate Acquires Multifamily Property In Chicago For $1.16M
2018 North Hoyne Avenue
$1,160,000
$348/SF
Building Size
3,325 SF
Asset Type
MultiFamily
Closing
Nov 21, 2023
About this deal
AI
A multifamily property located at 2018 North Hoyne Avenue in Chicago has been sold for $1,160,000. The property consists of three units and spans a total of 3,325 square feet. The sale price per unit was $386,667 and the price per square foot was $349.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,160,000
- Units: 3
- Price per Unit: $386,667
- Square Footage: 3,325
- Price per Square Foot: $349
- Market: Chicago
The buyer's representative in this transaction was Sidrah Atiq from Urban Real Estate, while the seller's representative was Alexander Carr from Cane Realty.
Note from the buyer's representative: A multifamily property located at 2018 N Hoyne Ave has been sold for $1,160,000. The brokers involved in the transaction were Sidrah Atiq of Urban Real Estate and Alex Carr of Cane Realty. The property comprises three units.
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