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2639 North Wayne Avenue, Ch...

Dream Town Realty Acquires Multifamily Property In Chicago For $1.81M
SOLDMultiFamily

Dream Town Realty Acquires Multifamily Property In Chicago For $1.81M

2639 North Wayne Avenue, Chicago, IL 60614

$1,810,000

$287/SF

Building Size

6,300 SF

Asset Type

MultiFamily

Closing

Nov 4, 2021

AI

Located at 2639 N Wayne Ave in Chicago, this multifamily property was recently sold for a price of $1,810,000. The sale took place on 11/04/2021 and involved a total of 3 units, resulting in a price per unit of $603,333. With a total square footage of 6,300, the property had a price per square foot of $287.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,810,000
  • Address: 2639 N Wayne Ave
  • Market: Chicago

The buyer's representative in this transaction was Midori Sahara from Dream Town Realty, while the seller was represented by Al Zoubi from Zoubi Realty LTD. Both parties played vital roles in the successful completion of this sale.

Players

Al Zoubi

Zoubi Realty

Broker

$5.7M

vol

3 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

8.76%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93