Srinivasa Sirigiri Of Provident Realty Represents Buyer In $1.8M Multifamily Sale In Chicago
2650 North Halsted Street
$1,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
The property asset involved in this transaction is located at 2650 North Halsted Street, Chicago. It is classified as a multifamily asset and has a sale price of $1,800,000. The building includes upgraded condo-quality units with high-end finishes, commercial space totaling 1,500 square feet, parking for six cars, and a balcony.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 2650 North Halsted Street
- Market: Chicago
- Commercial Space: 1,500 square feet
- Parking: Six cars
The key individuals involved in the deal include Srinivasa Sirigiri representing the buyer from Provident Realty and Harry Perl representing the seller from Goldberg & Perl, Inc. Their roles in this transaction highlight the collaboration between these parties in facilitating the sale.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93