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.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93