facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$1,500,000

Illinois

See Similar Deals
MultiFamily
Sold 06/07/2024
the dealplayerscompscontact
Property Image
SOLD

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

2327 North Southport Avenue

See Similar Deals
MultiFamily
Sold 06/07/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
3 deals$4.2M volume
BROKER

John Pontarelli
Pontarelli Associates
1 deal$1.5M volume(224) 501-9564
BROKER

Details

SOLD
IMAGE: John Corry & John Pontarelli DATE: 06/07/2024 ADDRESS: 2327 North Southport Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: John Corry - Exit Strategy Realty (@ExitStrategyRealty) SELLER'S REP: John Pontarelli - Pontarelli Associates (@Pontarelli_Associates) SALE PRICE: $1,500,000 NOTE: 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.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18