2417 N Monticello Ave In Chicago Sold For $1.85M With Seller's Rep Dan Egan
2417 N Monticello Ave, Chicago, IL, 6...
$1,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
A seven-unit apartment building was sold at 2417 N. Monticello Avenue, located in the Logan Square neighborhood of Chicago. The transaction amounted to $1,850,000, with no specified square footage provided for the property.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $1,850,000
- Address: 2417 N Monticello Ave, Chicago, IL
- Market: Chicago
- Seller's Representative: Dan Egan - Apartment Investment Advisers
- Buyer: Unknown
- Seller: Information not provided
Jack Cassin and Dan Egan were the brokers involved in this sale, representing the seller in the transaction. This sale is part of a larger package deal that included additional apartment buildings within the Logan Square, Hermosa, and Humboldt Park neighborhoods. Apartment Investment Advisers has successfully completed multiple transactions recently, reinforcing their activity in the apartment investment market.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93