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2619 North Kimball Avenue

Thomas Moran Properties Christie's International Real Estate Represents Buyer In Chicago Multifamily Sale For $2.03M
SOLDMultiFamily

Thomas Moran Properties Christie's International Real Estate Represents Buyer In Chicago Multifamily Sale For $2.03M

2619 North Kimball Avenue

$2,030,000

Building Size

Asset Type

MultiFamily

Closing

Oct 17, 2024

AI

A multi-family property located at 2619 North Kimball Avenue in Chicago has been sold for $2,030,000, representing $406,000 per unit. The property consists of 5 units and has undergone recent gut renovations. It features condo-grade finishes, with final delivery expected by June 24, 2024. The current leases generate monthly rents ranging from $2,600 to $4,250.

Summary of transation details:

The transaction was facilitated by Thomas Moran, representing the buyer, and Daniel Straus, representing the seller. This deal underscores the collaborative efforts of the real estate representatives involved in closing the property sale.

Players

Thomas Moran

At Properties Commercial

Broker

$14.3M

vol

6 deals

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

7.81%

Cash-on-Cash

-2.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93