Melinda Svastisalee Represents Buyer In $1.15M Multifamily Sale In Chicago
2551 North Lavergne Avenue
$1,158,000
Units
8
Asset Type
MultiFamily
Closing
Apr 29, 2024
AI
In Chicago's Belmont Cragin neighborhood, a multifamily property located at 2551 North Lavergne Avenue was sold for $1,158,000. The property consists of 8 units, with a price per unit of $144,750. The building features 6 units with 1 bedroom and 1 bath, along with 2 units offering 2 bedrooms and 1 bath. Additionally, there is unfinished space on the first and second floors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,158,000
- Units: 8
- Price Per Unit: $144,750
- Address: 2551 North Lavergne Avenue
- Market: Chicago
Melinda Svastisalee of HomeSmart Realty represented the buyer, while Janusz Kulesza & Kawther Salem of Beaulieu Real Estate represented the seller in this transaction.
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
13.70%
Cash-on-Cash
-3.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93