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Multifamily Property In Chicago Sold For $1.75M With Buyer's Rep Nathan Gautsche & Seller's Rep Jason Rowland & Ryan Frank

Property Image
SOLD
$1,750,000
Jason Rowland
Nathan (Nate) Gautsche
Ryan Frank

Illinois

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MultiFamily
Sold 11/22/2023
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Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 11/22/2023
Jason Rowland
Nathan (Nate) Gautsche
Ryan Frank
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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

Nathan (Nate) Gautsche
CRER (Chicago Real Estate Resources)
Nathan Gautsche
15 deals$44.6M volume
BROKER
Jason Rowland
Compass
Jason Rowland
6 deals$10.1M volume(312) 927-1942
BROKER
Ryan Frank
Compass
Ryan Frank
1 deal$1.8M volume(847) 471-7926
BROKER

Details

SOLD
IMAGE: Jason Rowland, Nathan Gautsche & Ryan Frank DATE: 11/22/2023 ADDRESS: 2646 North Orchard Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Nathan Gautsche (@Nate_Gautsche_CRER) - CRER (Chicago Real Estate Resources) (@CRERChicago) SELLER'S REP: Jason Rowland (@TopAgentJR) & Ryan Frank - Compass (@Compass) SALE PRICE: $1,750,000 UNITS: 6 ~ PPU: $291,667 NOTE: The multifamily property at 2646 North Orchard Street in Chicago was sold for $1,750,000. 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 property comprises 6 units, with a per-unit price of $291,667.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$93,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71