SOLDMultiFamily
Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M
2437 North Seminary Avenue
$1,485,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 2, 2022
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.
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
10.68%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93