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2437 North Seminary Avenue

Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M
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

Alan Cosby

Westward360

Broker

$8.7M

vol

6 deals

Broker

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