Updated Dec 4, 2024
Jake Fugman Of EXP Realty Represents Buyer In $1.37M Multifamily Sale In Chicago's Bucktown
2175 North Maplewood Avenue
$1,370,000
Units
4
Asset Type
MultiFamily
Closing
Sep 19, 2024
About this deal
AI
A gut-rehabbed, 4-unit multifamily property located at 2175 North Maplewood Avenue in Chicago's Bucktown has been sold for $1.37 million, resulting in a price per unit of $342,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,370,000
- Units: 4
- Price per Unit: $342,500
- Buyer's Representative: Jake Fugman - EXP Realty
- Seller's Representative: Brandon Carlson - Mo2 Properties
The transaction benefitted from the expertise of Jake Fugman, who represented the buyer through EXP Realty, while Brandon Carlson acted as the seller's representative representing Mo2 Properties.
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
11.58%
Cash-on-Cash
-3.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93