Updated Sep 9, 2024
Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M
2437 North Seminary Avenue
$1,485,000
Units
5
Asset Type
MultiFamily
Closing
Dec 2, 2022
About this deal
AI
The property located at 2437 N Seminary Ave in Lincoln Park, Chicago has been sold as a multifamily asset. The transaction took place on 12/02/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Units: 5
- Price Per Unit (PPU): $334,143
The sale was facilitated by Chloe Reynolds and Alan Cosby of Westward360, who represented the parties involved in the deal. Chloe Reynolds and Alan Cosby are brokers from Compass.
The multifamily sale at 2437 North Seminary Avenue in Chicago, Illinois sold for $1.5M in 2022. Reported inventory is 5 units across 5 units. Chloe Reynolds, Alan Cosby, Compass, Westward360 appear on the sale alongside Compass, Westward360. This page is the Chicago, Illinois file for the 2437 North Seminary Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2437 North Seminary Avenue around 2022. Published consideration for 2437 North Seminary Avenue is $1.5M, dated 2022. Cite this Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.68%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93