Matt Laricy Acquires Multifamily Property In Chicago For $1.38M
2253 N Magnolia Ave, Chicago, IL, USA
$1,380,000
$463/SF
Building Size
2,976 SF
Asset Type
MultiFamily
Closing
May 17, 2020
AI
Located at 2253 N Magnolia Ave in Chicago, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Matt Laricy from Americorp, Ltd, who represented the buyer, and Sharon O'Hara from roperties, who represented the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Units: 3
- Price Per Unit: $460,000
- Market: Chicago
The transaction took place on May 17, 2021. With 3 units available, each unit was sold at an average price of $460,000. This sale represents a significant investment in the Chicago market.
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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93