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2235 North Kimball Avenue

Dream Town Real Estate Represents Buyer In $1.075M Multifamily Sale In Chicago
SOLDMultiFamily

Dream Town Real Estate Represents Buyer In $1.075M Multifamily Sale In Chicago

2235 North Kimball Avenue

$1,075,000

Building Size

Asset Type

MultiFamily

Closing

Apr 8, 2024

AI

The multifamily property located at 2235 North Kimball Avenue in Chicago was sold for $1,075,000. This property comprises two completely remodeled units in the front building, each with 3 bedrooms and 2 bathrooms, and two units in the back building, each featuring 2 bedrooms and 1 bathroom. The units boast updated kitchens, hardwood floors, and enclosed porches, making it an attractive investment opportunity. Situated in Logan Square, the property is conveniently located near various amenities and public transportation options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Address: 2235 North Kimball Avenue
  • Market: Chicago

Ted Mortellaro and Todd Szwajkowski represented the buyer for this transaction from Dream Town Real Estate. On the other side, Sohail Salahuddin of EXP Realty acted as the seller's representative. This deal brought together professionals from different agencies, each leveraging their expertise to facilitate the successful sale of the multifamily property in a bustling Chicago neighborhood.

Players

Sohail Salahuddin

EXP Realty

Broker

$3.4M

vol

3 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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93