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2648 North Orchard Street, ...

Karen Holt & Michael Hall Acquire Multifamily Property In Chicago For $1.8M
SOLDMultiFamily

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.

Players

Michael Hall

Baird & Warner

Broker

$11.1M

vol

8 deals

Broker

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