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2646 West Chicago Avenue, C...

Updated Dec 21, 2023

Phyllis Scott Acquires Chicago Multifamily For $1.075M With Seller's Rep Agata Zabludowska
SOLDMultiFamily

Phyllis Scott Acquires Chicago Multifamily For $1.075M With Seller's Rep Agata Zabludowska

2646 West Chicago Avenue, Chicago, IL, USA

$1,075,000

$344/SF

Building Size

3,125 SF

Asset Type

MultiFamily

Closing

Jul 28, 2021

About this deal

AI

Phyllis Scott and Agata Zabludowska have facilitated the sale of a multifamily property in Chicago. The property, located at 2646 W Chicago Ave, was sold on July 29, 2021. The transaction was handled by Phyllis Scott from Coldwell Banker Realty, representing the buyer, and Agata Zabludowska from Exit Realty Redefined, representing the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Units: 6
  • Price Per Unit: $179,167
  • Square Footage: 3,125
  • Price Per Square Foot: $344
  • Market: Chicago

This transaction involved the sale of a multifamily property comprising six units with a total square footage of 3,125. The sale price for the property was $1,075,000, resulting in a price per unit of $179,167 and a price per square foot of $344. This deal took place in the Chicago market.

Phyllis Scott, representing Coldwell Banker Realty, acted as the buyer's representative in this transaction, while Agata Zabludowska, representing Exit Realty Redefined, served as the seller's representative. Their expertise and negotiation skills played a crucial role in facilitating this successful sale.

Players

Phyllis Scott

Coldwell Banker

Broker

$2.4M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $344 per square foot on a published $1.1M for 3,125 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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