SOLDMultiFamily
Interra Realty Brokers Sell Multifamily Property In Lincoln Park For $1.7M
2252 North Cleveland Avenue, Chicago, Illinois 60614, United States
$1,722,500
Building Size
—
Asset Type
MultiFamily
Closing
May 11, 2022
AI
The multifamily property located at 2252 N Cleveland Ave in Lincoln Park has been sold for a total price of $1,722,500. The transaction took place on 05/12/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,722,500
- Market: Lincoln Park
- Brokers: Brad Feldman, Joe Smazal, and Mark Dykstra from Interra Realty
The deal was facilitated by Brad Feldman, Joe Smazal, and Mark Dykstra from Interra Realty. They represented the parties involved in the 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
9.21%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93