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2323 West Superior Street, ...

Chander Kanagaraju & Amanda McMillan Acquire Multifamily Property In Chicago For $1.03M
SOLDMultiFamily

Chander Kanagaraju & Amanda McMillan Acquire Multifamily Property In Chicago For $1.03M

2323 West Superior Street, Chicago, IL, USA

$1,035,000

$233/SF

Building Size

4,428 SF

Asset Type

MultiFamily

Closing

Feb 28, 2021

AI

An undisclosed multifamily property located at 2323-2325 W Superior St in Chicago has been sold for $1,035,000. The deal was finalized on March 1, 2021. The property was purchased by the buyer's representative, Chander Kanagaraju, from Exit Strategy Realty. The seller's representative in this transaction was Amanda McMillan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,035,000

Chander Kanagaraju, representing Exit Strategy Realty, facilitated the purchase of this undisclosed multifamily property in Chicago. Amanda McMillan, on the other hand, represented the seller in this transaction. Additional details about this property or the individuals involved have not been disclosed.

Players

Amanda McMillan

At Properties Commercial

Broker

$12M

vol

2 deals

Broker

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

15.33%

Cash-on-Cash

-4.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93