Jesus Garcia Acquires 4-Unit Multifamily In Chicago For $1.24M
2649 West Altgeld Street, Chicago, Illinois 60647, United States
$1,240,000
$389/SF
Building Size
3,180 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
AI
A multifamily property located at 2649 W Altgeld St in Chicago has been sold for a total price of $1,240,000. The property consists of 4 units, with each unit having an average price of $310,000. The lot size of the property is 3,180 square feet, resulting in a price per square foot of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,240,000
- Units: 4
- Price per Unit: $310,000
- Lot Size: 3,180 square feet
- Price per square foot: $390
Jesus Garcia, representing Coldwell Banker Realty, acted as the buyer's representative in this transaction. On the other hand, Chris Stefani, from Keller Williams ONEChicago, represented the seller. These individuals played a crucial role in ensuring the successful completion of the deal.
Players
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
12.79%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93