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

/

2327 North Southport Avenue

John Corry & John Pontarelli Facilitate $1.5M Multifamily Sale In Chicago
SOLDMultiFamily

John Corry & John Pontarelli Facilitate $1.5M Multifamily Sale In Chicago

2327 North Southport Avenue

$1,500,000

Building Size

Asset Type

MultiFamily

Closing

Jun 7, 2024

AI

A four-story brick multifamily building at 2327 North Southport Avenue in Chicago sold for $1.5 million. The property, brokered by John Pontarelli of Pontarelli Associates and represented by John Corry of Exit Strategy Realty, includes a 3-flat building and a high-end renovated coach house, each unit equipped with its own appliances and HVAC systems.

Summary of transaction details:

The deal involved the buyer's representative, John Corry from Exit Strategy Realty, and the seller's representative, John Pontarelli from Pontarelli Associates, who facilitated the transaction of the multifamily property in Chicago.

Players

John Corry

Exit Strategy Realty

Broker

$4.2M

vol

3 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93