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2425 North Geneva Terrace, ...

Interra Realty Brokers $1.9M Sale Of Multifamily Property In Lincoln Park, Chicago
SOLDMultiFamily

Interra Realty Brokers $1.9M Sale Of Multifamily Property In Lincoln Park, Chicago

2425 North Geneva Terrace, Chicago, Illinois 60614, United States

$1,900,000

$320/SF

Building Size

5,936 SF

Asset Type

MultiFamily

Closing

Sep 20, 2022

AI

The multifamily property located at 2425 N Geneva Terrace in Lincoln Park, Chicago has been sold for $1,900,000. This property consists of 4 units, with each unit having a price per unit of $475,000. The total square footage of the property is 5,936, resulting in a price per square foot of $320.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Units: 4
  • Price per Unit: $475,000
  • Square Footage: 5,936
  • Price per Square Foot: $320
  • Address: 2425 N Geneva Terrace, Lincoln Park, Chicago

The sale of this property was facilitated by Harrison Pinkus from Interra Realty. As the broker representative for this transaction, Harrison Pinkus played a crucial role in the successful completion of the deal.

Players

Harrison Pinkus

Interra Realty

Broker

$34.7M

vol

18 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93