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
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