facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

2435 W Rosemont Ave, Chicag...

Harrison Cohen Of TRITON Realty Group Represents Buyer In Chicago Sale For $2.11M
SOLDMultiFamily

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.

Players

Harrison Cohen

TRITON Realty Group

Broker

$57.7M

vol

10 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

7.52%

Cash-on-Cash

-2.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93