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
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