Hibernian Development Purchases Multifamily Asset At 2026 N. Orleans St. In Chicago For $1.95M
2026 N. Orleans St.
$1,950,000
$216/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
This multi-family asset is located at 2026 N. Orleans St. in the Chicago market. The property was sold for $1,950,000.00 and encompasses a total area of 9,000 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,950,000.00
- Address: 2026 N. Orleans St.
- Market: Chicago
- Square Footage: 9000.0
- Buyer: hibernian development
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
The transaction involved hibernian development as the buyer and was facilitated by broker Steven Rapoport, representing CRER (Chicago Real Estate Resources). This deal showcases the activity within the multi-family sector of the Chicago real estate market.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93