Chicago Multifamily Property Sold For $1.36M With Buyer's Rep Charles Gullett & Seller's Rep Matt Laricy
2253 North Magnolia Avenue
$1,360,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2023
AI
A multifamily property located at 2253 North Magnolia Avenue in Chicago has been sold for $1,360,000. This property features multiple units and is positioned in the market of Chicago.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,360,000
- Address: 2253 North Magnolia Avenue
- Market: Chicago
The buyer's representative in this transaction was Charles Gullett from Best Chicago Properties. He played a crucial role in representing the buyer and ensuring a successful deal. On the other hand, Matt Laricy, a representative from Americorp, represented the seller in this transaction. Both Charles Gullett and Matt Laricy were integral to the completion of this property sale.
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
11.66%
Cash-on-Cash
-3.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93