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2649 West Altgeld Street, C...

Jesus Garcia Acquires 4-Unit Multifamily In Chicago For $1.24M
SOLDMultiFamily

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

Jesus Garcia

Essex Realty Group

Broker

$1.8M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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