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2234 North Cleveland Avenue...

Jameson Sotheby's International Realty Sells Multifamily Property In Chicago For $1.56M
SOLDMultiFamily

Jameson Sotheby's International Realty Sells Multifamily Property In Chicago For $1.56M

2234 North Cleveland Avenue, Chicago, Illinois 60614, United States

$1,565,000

$449/SF

Building Size

3,485 SF

Asset Type

MultiFamily

Closing

Feb 23, 2022

AI

A multifamily property located at 2234 N Cleveland Ave in Chicago has been sold for a price of $1,565,000. The property consists of 4 units, with each unit having a per unit price of $391,250. The lot size of the property is 3,485 square feet, resulting in a price per square foot of $449.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,565,000
  • Units: 4
  • Price Per Unit: $391,250
  • Lot Size: 3,485 square feet
  • Price Per Square Foot: $449

The buyer's representative in this transaction was DiAne Boese Properties, while the seller was represented by Jackie Mack from Jameson Sotheby's International Realty.

Players

Jackie Mack

Sotheby's International Realty

Broker

$3.2M

vol

2 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

10.14%

Cash-on-Cash

-2.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93