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2641 W Estes Ave, West Ridg...

Chicago's West Ridge Multifamily Sells For $2.26M With Buyer's Rep Andy Friedman & Danny Logarakis
SOLDMultiFamily

Chicago's West Ridge Multifamily Sells For $2.26M With Buyer's Rep Andy Friedman & Danny Logarakis

2641 W Estes Ave, West Ridge, Chicago, IL, USA

$2,260,000

Building Size

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

The multifamily property located at 2641 - 2643 W. Estes Ave in West Ridge, Chicago was recently sold in a closed transaction. The sale was facilitated by brokers Andy Friedman and Danny Logarakis from Kiser Group. The property consists of 16 units, and the sale price for the transaction was $2,260,000, resulting in a price per unit (PPU) of $141,250.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,260,000
  • Units: 16
  • Price Per Unit (PPU): $141,250
  • Brokers: Andy Friedman & Danny Logarakis - @KiserGroup

Andy Friedman and Danny Logarakis from Kiser Group were instrumental in representing the parties involved in this multifamily property transaction. Their expertise and negotiation skills contributed to the successful sale of the property.

Players

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 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

7.02%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93