Updated Dec 20, 2023
Compass Broker Jeffery Lowe Facilitates $1.5M Sale Of Chicago Multifamily Property
2028 N Sheffield Ave, Chicago, IL, USA
$1,525,000
$328/SF
Building Size
4,650 SF
Asset Type
MultiFamily
Closing
Oct 4, 2021
About this deal
AI
A multifamily property located at 2028 N Sheffield Ave in Chicago has been sold for a price of $1,525,000. The property consists of 4 units, resulting in a per unit price of $381,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Address: 2028 N Sheffield Ave
- Market: Chicago
Jeffrey Lowe from Compass represented the buyer and seller in this transaction.
The multifamily sale at 2028 N Sheffield Ave, Chicago, IL, USA in Chicago, Illinois sold for $1.5M in 2021. Reported inventory is 4,650 square feet across 4 units, or about 328 per square foot. Jeffrey "Jeff" Lowe, Compass appear on the sale alongside Compass. This page is the Chicago, Illinois file for the 2028 N Sheffield Ave, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2028 N Sheffield Ave, Chicago, IL, USA around 2021. Published consideration for 2028 N Sheffield Ave, Chicago, IL, USA is $1.5M, dated 2021. Cite this Compass Broker Jeffery Lowe Facilitates $1.5M Sale Of Chicago Multifamily Property sale when underwriting similar multifamily product around Chicago, Illinois.
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93