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2551 North Lavergne Avenue

Melinda Svastisalee Represents Buyer In $1.15M Multifamily Sale In Chicago
SOLDMultiFamily

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

Kawther Salem

Beaulieu Real Estate

Broker

$1.2M

vol

1 deal

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

13.70%

Cash-on-Cash

-3.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93