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2051 North Clifton Avenue, ...

Updated Dec 21, 2023

Compass Brokers Facilitate $2.975M Sale Of Multifamily Property On N Clifton Ave, Chicago
SOLDMultiFamily

Compass Brokers Facilitate $2.975M Sale Of Multifamily Property On N Clifton Ave, Chicago

2051 North Clifton Avenue, Chicago, Illinois 60614, United States

$2,975,000

$959/SF

Building Size

3,100 SF

Asset Type

MultiFamily

Closing

Mar 31, 2022

About this deal

AI

The multifamily property located at 2051 N Clifton Ave in Chicago has been sold for a price of $2,975,000. The property spans across a lot size of 3,100 square feet, resulting in a price per square foot of $960.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,975,000
  • Lot Size: 3,100 square feet
  • Price per Square Foot: $960

The sale of this property was facilitated by Jeff Lowe from Compass. He acted as the broker representing the parties involved in the transaction.

Players

Jeffrey Lowe

Compass

Broker

$95.8M

vol

30 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $959 per square foot on a published $3M for 3,100 square feet (2022).

Visit Jeffrey "Jeff" Lowe to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.33%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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