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2417 N Monticello Ave, Chic...

2417 N Monticello Ave In Chicago Sold For $1.85M With Seller's Rep Dan Egan
SOLDMultiFamily

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.

Players

Daniel Egan

Apartment Investment Advisers

Broker

$1.9M

vol

1 deal

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93