Brian Moon Acquires Multifamily Property In Chicago For $1.145M
2036 North Spaulding Avenue
$1,145,000
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2024
AI
2036 North Spaulding Avenue in Chicago, a multifamily asset, was sold for $1,145,000. This turnkey residence/investment opportunity boasts a meticulously crafted yard, multiple rental units generating additional income, and a prime location in Logan Square, offering a vibrant lifestyle and promising a high return on investment.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,145,000
- Address: 2036 North Spaulding Avenue
- Market: Chicago
- Buyer's Rep: Brian Moon - Keller Williams ONEChicago
- Seller's Rep: Jason Rosenberg - Infiniti Properties
Brian Moon from Keller Williams ONEChicago represented the buyer, while Jason Rosenberg from Infiniti Properties represented the seller in this transaction.
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
13.85%
Cash-on-Cash
-3.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93