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2229 West Augusta Boulevard

Rita Kerins Represents Buyer In $1.25M Sale Of Multifamily Property In Chicago
SOLDMultiFamily

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

Joseph Kotoch

Compass

Broker

$7.7M

vol

6 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93