facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

2633 North Magnolia Avenue,...

Vesta Preferred Realty Facilitates $1.65M Sale Of Multifamily Property In Chicago
SOLDMultiFamily

Vesta Preferred Realty Facilitates $1.65M Sale Of Multifamily Property In Chicago

2633 North Magnolia Avenue, Chicago, Illinois 60614, United States

$1,650,000

$206/SF

Building Size

8,000 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

AI

A multifamily property located at 2633 N Magnolia Ave in Chicago, IL has been sold for $1,650,000. The transaction took place on April 15, 2022. The property consists of 3 units, with a price per unit (PPU) of $550,000. The total square footage of the property is 8,000, resulting in a price per square foot (PPSF) of $206.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 3
  • Price per Unit (PPU): $550,000
  • Square Footage: 8,000
  • Price per Square Foot (PPSF): $206

The sale of this multifamily property was facilitated by Grigory Pekarsky from Vesta Preferred Realty. Grigory Pekarsky acted as the broker representing the parties involved in the transaction.

Players

Grigory Pekarsky

Vesta Preferred Realty

Broker

$11.5M

vol

8 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93