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2018 North Hoyne Avenue

Updated Dec 4, 2024

Sidrah Atiq Of Corcoran Urban Real Estate Acquires Multifamily Property In Chicago For $1.16M
SOLDMultiFamily

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

Alexander Carr

Cane Realty

Broker

$2.7M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $348 per square foot on a published $1.2M for 3,325 square feet (2023).

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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

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