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
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
6.40%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93