Updated Sep 9, 2024
Neveen Michael Acquires Multifamily Property On Lakewood Ave In Chicago For $2.93M
2135 North Lakewood Avenue, Chicago, Illinois 60614, United States
$2,925,000
$936/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Aug 4, 2022
About this deal
AI
Located at 2135 N Lakewood Ave in Chicago, this multifamily property was recently sold for $2,925,000. The transaction took place on 08/05/2022, with a total of 3 units being sold at an average price of $975,000 per unit. The property sits on a lot with an area of 3,125 square feet, resulting in a price per square foot of $936.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,925,000
- Units: 3
- Price per Unit: $975,000
- Lot Square Footage: 3,125
- Price per Square Foot: $936
- Market: Chicago
Neveen Michael from Keller Williams Realty Infinity represented the buyer in this transaction, while Jeff Lowe from Compass acted as the seller's representative. The property, located at 2135 N Lakewood Ave in Chicago, showcases its attractive features and strong market value.
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
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93