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
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93