Updated Dec 21, 2023
Redfin Corporation Acquires Multifamily Property In Chicago's Hamilton Ave For $1.08M
2318 North Hamilton Avenue, Chicago, IL 60647, USA
$1,080,000
$308/SF
Building Size
3,498 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
A multifamily property located at 2318 N Hamilton Ave in Chicago was recently sold for $1,080,000. The property consists of 3 units with a price per unit of $360,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Address: 2318 N Hamilton Ave, Chicago
- Market: Chicago
- Units: 3
- Price per Unit: $360,000
The buyer was represented by Christopher Engelmann from Redfin Corporation, while the seller was represented by Neo Neophytou from Executive Realty Group LLC.
The multifamily sale at 2318 North Hamilton Avenue, Chicago, IL 60647, USA in Chicago, Illinois sold for $1.1M in 2020. Reported inventory is 3,498 square feet across 3 units, or about 308 per square foot. Named participants on the 2318 North Hamilton Avenue, Chicago, IL 60647, USA sale are Christopher Engelmann, Neo Neophytou. This page is the Chicago, Illinois file for the 2318 North Hamilton Avenue, Chicago, IL 60647, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2318 North Hamilton Avenue, Chicago, IL 60647, USA around 2020. Published consideration for 2318 North Hamilton Avenue, Chicago, IL 60647, USA is $1.1M, dated 2020. Cite this Redfin Corporation Acquires Multifamily Property In Chicago's Hamilton Ave For $1.08M sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93