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2650 North Halsted Street

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

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