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2650 North Halsted Street

Updated Dec 4, 2024

Srinivasa Sirigiri Of Provident Realty Represents Buyer In $1.8M Multifamily Sale In Chicago
SOLDMultiFamily

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

About this deal

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

Harry Perl

Broker

$4.7M

vol

3 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

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