Updated Dec 4, 2024
Multifamily Property In Chicago Sold For $1.75M With Buyer's Rep Nathan Gautsche & Seller's Rep Jason Rowland & Ryan Frank
2646 North Orchard Street
$1,750,000
Units
6
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
The multifamily property at 2646 North Orchard Street in Chicago was sold for $1,750,000. The property comprises 6 units, with a per-unit price of $291,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 6
- Price Per Unit: $291,667
Nathan Gautsche of CRER (Chicago Real Estate Resources) represented the buyer, while Jason Rowland and Ryan Frank of Compass represented the seller in the transaction.
The multifamily sale at 2646 North Orchard Street in Chicago, Illinois sold for $1.8M in 2023. Reported inventory is 6 units across 6 units. Jason Rowland, Nathan (Nate) Gautsche, Ryan Frank, CRER (Chicago Real Estate Resources) appear on the sale alongside CRER (Chicago Real Estate Resources), Compass. This page is the Chicago, Illinois file for the 2646 North Orchard Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2646 North Orchard Street around 2023. Published consideration for 2646 North Orchard Street is $1.8M, dated 2023. Cite this Multifamily Property In Chicago Sold For $1.75M With Buyer's Rep Nathan Gautsche & Seller's Rep Jason Rowland & Ryan Frank sale when underwriting similar multifamily product around Chicago, Illinois.
On the Map
$1,750,000
MultiFamily
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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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93