Karen Holt & Michael Hall Acquire Multifamily Property In Chicago For $1.8M
2648 North Orchard Street, Chicago, IL 60614, USA
$1,800,000
$516/SF
Building Size
3,485 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
AI
The multifamily property located at 2648 N Orchard St in Chicago was recently sold for $1,800,000. The property spans a lot size of 3,485 square feet, resulting in a price per square foot of $516. This sale was represented by Karen Holt of Karen Holt Properties, acting as the buyer's representative, and Michael Hall of Baird & Warner, acting as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Lot Size: 3,485 square feet
- Price Per Square Foot: $516
- Buyer's Representative: Karen Holt Properties
- Seller's Representative: Michael Hall - Baird & Warner
Karen Holt represented the buyer in this transaction through Karen Holt Properties, while Michael Hall of Baird & Warner represented the seller. This successful sale highlights the expertise and professionalism of these individuals and their respective agencies in the Chicago market.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93