Updated Dec 21, 2023
Jameson Sotheby's Intl Realty Represents Buyer In $1.165M Multifamily Sale In Chicago
2121 North Magnolia Avenue, Chicago, IL, USA
$1,165,000
$372/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
May 10, 2021
About this deal
AI
The multifamily property located at 2121 N Magnolia St in Chicago was recently sold for $1,165,000. The transaction took place on 05/11/2021, and the property consists of 3 units, resulting in a price per unit of $388,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Address: 2121 N Magnolia St, Chicago
- Market: Chicago
Michael Battista from Jameson Sotheby's Intl Realty represented the buyer in this sale, while Susan Nice from Dream Town Realty represented the seller.
The multifamily sale at 2121 North Magnolia Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1.2M in 2021. Reported inventory is 3,125 square feet across 3 units, or about 372 per square foot. Michael (Mike) Battista, Susan Nice, Dream Town Realty, Sotheby's International Realty appear on the sale alongside Dream Town Realty, Sotheby's International Realty. This page is the Chicago, Illinois file for the 2121 North Magnolia Avenue, 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 2121 North Magnolia Avenue, Chicago, IL, USA around 2021. Published consideration for 2121 North Magnolia Avenue, Chicago, IL, USA is $1.2M, dated 2021. Cite this Jameson Sotheby's Intl Realty Represents Buyer In $1.165M Multifamily Sale In Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93