Rita Kerins Represents Buyer In $1.25M Sale Of Multifamily Property In Chicago
2229 West Augusta Boulevard
$1,250,000
Building Size
—
Asset Type
MultiFamily
Closing
May 9, 2024
AI
Located in Ukrainian Village, 2229 West Augusta Boulevard in Chicago is a meticulously gut-rehabbed three-flat building that features three units. Each unit is designed with contemporary interiors, stylish kitchens with ample storage, quartz countertops, stainless-steel appliances, hardwood floors, marble bathrooms, walk-in closets, and in-unit washer and dryer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 3
- Price per Unit: $416,667
- Address: 2229 West Augusta Boulevard, Chicago
- Market: Chicago
Rita Kerins of At Properties Commercial represented the buyer, while Audrey Jones and Joseph Kotoch of Compass represented the seller in the sale of the property. The three-flat building offers a blend of modern amenities and classic charm, making it an attractive investment in the vibrant neighborhood of Ukrainian Village.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93