Updated Dec 20, 2023
Compass Rep Facilitates $1.15M Sale Of Multifamily Property In Chicago
2508 North Sawyer Avenue, Chicago, Illinois 60647, United States
$1,150,000
$575/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
About this deal
AI
The multifamily property located at 2508 N Sawyer Ave in Chicago has been sold for a price of $1,150,000. The property spans across 2,000 square feet, resulting in a price per square foot of $484. The lot on which the property sits measures 7,405 square feet, leading to a price per lot square foot of $155.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Square Footage: 2,000
- Price per Square Foot: $484
- Lot Square Footage: 7,405
- Price per Lot Square Foot: $155
Amy Rapp, from Compass, represented the buyer in this transaction. Elaine Pagels, from Elaine Pagels Group - Berkshire Hathaway HomeServices Chicago, acted as the seller's representative.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93