Updated Dec 19, 2023
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
About this deal
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
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