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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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