Updated Dec 20, 2023
Syed Hashmi Acquires Multifamily Property On N Burling St, Chicago For $1.9M
2434 North Burling Street, Chicago, IL 60614, USA
$1,875,000
$576/SF
Building Size
3,250 SF
Asset Type
MultiFamily
Closing
Sep 23, 2021
About this deal
AI
A multifamily property located at 2434 N Burling St in Chicago has been sold for $1,875,000. The property consists of 4 units, with an average price per unit of $468,750. The lot size is 3,250 square feet, resulting in a price per square foot of $577.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Units: 4
- Price per Unit: $468,750
- Lot Size: 3,250 square feet
- Price per Square Foot: $577
Syed Hashmi from Guidance Realty represented the buyer in the transaction, while Vicki Nelson from Coldwell Banker Realty represented the seller.
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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93