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2020 North Hoyne Avenue

Updated Dec 4, 2024

Daniel Baker, Susanne Tunzi & Edith Schell Sell Chicago Multifamily For $1.18M
SOLDMultiFamily

Daniel Baker, Susanne Tunzi & Edith Schell Sell Chicago Multifamily For $1.18M

2020 North Hoyne Avenue

$1,187,000

Units

3

Asset Type

MultiFamily

Closing

Jun 28, 2024

About this deal

AI

A 3-unit multifamily property located at 2020 North Hoyne Avenue in Chicago's Bucktown was recently sold for $1,187,000. The property features a mix of units, including a store-front style unit, an attached garage, and a renovated owner's unit with vaulted ceilings and skylights.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,187,000
  • Units: 3
  • Price Per Unit: $395,667
  • Address: 2020 North Hoyne Avenue
  • Market: Chicago

Daniel Baker from TRITON Realty Group served as the buyer's representative in this transaction, while Edith Schell and Susanne Tunzi from @Properties Christie's International Real Estate represented the seller. The property's unique features, such as the store-front style unit, attached garage, and renovated owner's unit, contributed to the successful sale of this multifamily asset.

Players

Edith Schell

At Properties Commercial

Broker

$1.2M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $395.7K per unit across 3 units on a published $1.2M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.36%

Cash-on-Cash

-3.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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