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2243 North Seminary Avenue,...

Dwell One Realty Acquires Multifamily Property In Chicago For $2.5M
SOLDMultiFamily

Dwell One Realty Acquires Multifamily Property In Chicago For $2.5M

2243 North Seminary Avenue, Chicago, IL, USA

$2,478,000

$608/SF

Building Size

4,073 SF

Asset Type

MultiFamily

Closing

Dec 24, 2020

AI

The multifamily property located at 2243 N. Seminary Avenue in Chicago was recently sold for a price of $2,478,000. The sale took place on December 25, 2020. The property is situated in the bustling Chicago market and offers a valuable investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,478,000
  • Address: 2243 N. Seminary Avenue, Chicago
  • Market: Chicago
  • Buyer's Representative: Tim Stassi - Dwell One Realty
  • Seller's Representatives: Naseem El-Barbarawi & Kelly Angelopoulos - Jameson Sotheby's Int'l Realty
  • Image by: Tim Stassi

Taking charge of the deal, Tim Stassi from Dwell One Realty represented the buyer, while Naseem El-Barbarawi and Kelly Angelopoulos from Jameson Sotheby's Int'l Realty served as the seller's representatives. These professionals played a crucial role in facilitating the successful transaction.

Players

Tim Stassi

Broker

$2.5M

vol

1 deal

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

6.40%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93