Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,360,000
MultiFamily
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Players
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
11.66%
Cash-on-Cash
-3.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93