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2044 North Fremont Street, ...

Dream Town Realty Acquires Multifamily Property In Chicago For $1.35M
SOLDMultiFamily

Dream Town Realty Acquires Multifamily Property In Chicago For $1.35M

2044 North Fremont Street, Chicago, IL, USA

$1,350,000

$432/SF

Building Size

3,125 SF

Asset Type

MultiFamily

Closing

Feb 15, 2021

AI

A multifamily property located at 2044 N Fremont St in the city of Chicago has been sold for a price of $1,350,000. The transaction took place on February 16, 2021. The property is represented by Ian Halpin from Dream Town Realty as the buyer's representative, and Harrison Cohen from Triton Realty Group LLC as the seller's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 2044 N Fremont St, Chicago
  • Market: Chicago
  • Buyer's Representative: Ian Halpin - Dream Town Realty
  • Seller's Representative: Harrison Cohen - Triton Realty Group LLC

This transaction highlights the involvement of key individuals and companies in the deal, namely Ian Halpin from Dream Town Realty representing the buyer and Harrison Cohen from Triton Realty Group LLC representing the seller. Both parties played a crucial role in facilitating the successful sale of the multifamily property located at 2044 N Fremont St in Chicago.

Players

Ian Halpin

Dream Town Realty

Broker

$3.6M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93