Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 2535 N Kimball Ave, Chicago, IL, USA in Chicago, Illinois sold for $1.1M in 2021. Reported inventory is 5,662 square feet across 4 units, or about 187 per square foot. Feras Abbas, Mike Rasmussen, Kevin Rocio, At Properties Commercial appear on the sale alongside At Properties Commercial, Sotheby's International Realty. This page is the Chicago, Illinois file for the 2535 N Kimball Ave, Chicago, IL, USA 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 2535 N Kimball Ave, Chicago, IL, USA around 2021. Published consideration for 2535 N Kimball Ave, Chicago, IL, USA is $1.1M, dated 2021. Cite this Feras Abbas Acquires 4-Unit Multifamily In Chicago For $1.06M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
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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