Updated Dec 4, 2024
Melissa Edidin Acquires Multifamily Property In Chicago For $1.05M As Buyer's Rep
2218 North Sawyer Avenue
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 25, 2024
About this deal
AI
Located at 2218 North Sawyer Avenue in Chicago, the multifamily property was recently sold for $1,050,000. The transaction was facilitated by Melissa Edidin of @properties Christie's International Real Estate, representing the buyer, and Prashanth Pathy and Tony Giusti of Compass, who represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 2218 North Sawyer Avenue
- Market: Chicago
- Buyer's Representative: Melissa Edidin - @properties Christie's International Real Estate
- Seller's Representatives: Prashanth Pathy & Tony Giusti - Compass
The deal's key players included Melissa Edidin from @properties Christie's International Real Estate, who represented the buyer, and Prashanth Pathy and Tony Giusti from Compass, the seller's representatives. The successful transaction highlights the cooperation between these professionals in the real estate industry.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93