Harrison Cohen Of TRITON Realty Group Represents Buyer In Chicago Sale For $2.11M
2435 W Rosemont Ave, Chicago, IL 60659
$2,110,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is a 16-unit apartment building located at 2435 W Rosemont Ave, Chicago, IL. The sale was conducted in the Chicago market for a price of $2,110,000. The building features Tudor-style architecture and was constructed in 1929, having been owned by the same family for 70 years prior to this transaction.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $2,110,000.00
- Address: 2435 W Rosemont Ave, Chicago, IL
- Market: Chicago
- Buyer's Representative: Harrison Cohen-TRITON Realty Group
- Buyer: Unknown
- Seller: Unknown
- Square Footage: 0
Harrison Cohen, serving as the vice president at Triton Realty Group, acted as the sole broker in this transaction. He noted that this is the first time the property has traded hands in 20 years, making it a notable event in the property history, as it is only the second sale since the building's construction just prior to the 1929 stock market crash.
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
7.52%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93