SOLDMultiFamily
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
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
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.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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