Sky High Real Estate Inc. Acquires Multifamily Property In Chicago For $1.35M
2415 North Kedzie Boulevard, Chicago, IL 60647
$1,350,000
$281/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
The multifamily property located at 2415 N Kedzie Blvd in Chicago has been sold for a total price of $1,350,000. The property consists of 3 units, resulting in a price per unit of $450,000. The total square footage of the property is 4,800, with a price per square foot of $281. The lot size is 4,688 square feet, equating to a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 3
- Price per Unit: $450,000
- Total Square Footage: 4,800
- Price per Square Foot: $281
- Lot Size: 4,688 square feet
- Price per Lot Square Foot: $288
Eva Diaz from Sky High Real Estate Inc. represented the buyer in the transaction, while Arlyn Tratt from Nexthome Elite acted as the seller's representative.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93