Updated Dec 4, 2024
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
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
13.36%
Cash-on-Cash
-3.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93