Feras Abbas Acquires 4-Unit Multifamily In Chicago For $1.06M
2535 N Kimball Ave, Chicago, IL, USA
$1,060,000
$187/SF
Building Size
5,662 SF
Asset Type
MultiFamily
Closing
Feb 28, 2021
AI
The multifamily property located at 2535 N Kimball Ave in Chicago has been sold for a total price of $1,060,000. The property consists of 4 units, making the price per unit $265,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 2535 N Kimball Ave
- Market: Chicago
Feras Abbas from Jameson Sotheby's Intl Realty represented the buyer in this transaction. The seller was represented by Kevin Rocio roperties Commercial and Mike Rasmussen roperties.
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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93