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2175 North Maplewood Avenue

Jake Fugman Of EXP Realty Represents Buyer In $1.37M Multifamily Sale In Chicago's Bucktown
SOLDMultiFamily

Jake Fugman Of EXP Realty Represents Buyer In $1.37M Multifamily Sale In Chicago's Bucktown

2175 North Maplewood Avenue

$1,370,000

Building Size

Asset Type

MultiFamily

Closing

Sep 19, 2024

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:

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

Jake Fugman

EXP Realty

Broker

$15.2M

vol

11 deals

Broker

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