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
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