Updated Sep 9, 2024
Christopher Norton Properties Sells Multifamily Property On W Potomac Ave, Chicago For $1.017M
2642 West Potomac Avenue, Chicago, Illinois 60622, United States
$1,017,000
$325/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
A multifamily property located at 2642 W Potomac Ave in Chicago has been sold for $1,017,000. The property consists of three units, with each unit priced at $339,000. The lot size is 3,125 square feet, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,017,000
- Units: 3
- Price per Unit: $339,000
- Lot Size: 3,125 square feet
- Price per Square Foot: $325
The buyer's representative in this transaction was Seina Fatoorehchi from Realty Executives Advance, while Christopher Norton Properties acted as the seller's representative.
Please note that no additional information is available regarding this transaction.Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.60%
Cash-on-Cash
-4.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93