facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

2253 North Magnolia Avenue

Chicago Multifamily Property Sold For $1.36M With Buyer's Rep Charles Gullett & Seller's Rep Matt Laricy
SOLDMultiFamily

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

Matt Laricy

Americorp Real Estate

Broker

$5.1M

vol

4 deals

Broker

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