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2327 West Mclean Avenue

Michael Horwitz Of Cross Street Real Estate Represents Buyer In $1.48M Multifamily Sale In Chicago
SOLDMultiFamily

Michael Horwitz Of Cross Street Real Estate Represents Buyer In $1.48M Multifamily Sale In Chicago

2327 West Mclean Avenue

$1,482,500

Building Size

Asset Type

MultiFamily

Closing

Sep 5, 2024

AI

The 5-unit multifamily building at 2327 West Mclean Avenue, Chicago, is on the market for a sale price of $1,482,500. The property includes a highly upgraded owner's unit featuring a private elevator and high-end finishes, along with a rooftop hot tub. There are four additional rental units within the asset.

Summary of transaction details:

Michael Horwitz from Cross Street Real Estate represented the buyer, while Kevin Bigoness from Dream Town Real Estate represented the seller in this transaction. The multifamily asset is located in the Chicago market, highlighting the active real estate environment in the area.

Players

Michael Horwitz

Broker

$5M

vol

3 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

10.70%

Cash-on-Cash

-3.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93