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2653 W Crystal St Chicago, ...

Triad Real Estate Partners Facilitates $1.15M Sale Of 7-Unit Multifamily Property In Chicago
SOLDMultiFamily

Triad Real Estate Partners Facilitates $1.15M Sale Of 7-Unit Multifamily Property In Chicago

2653 W Crystal St Chicago, IL 60622, USA

$1,150,000

$366/SF

Building Size

3,134 SF

Asset Type

MultiFamily

Closing

Jul 17, 2023

AI

The property at 2653 West Crystal Street in Chicago was recently sold in a transaction facilitated by George Javaras of Triad Real Estate Partners. This multi-family asset consists of 7 units with a total square footage of 3,134. The sale price for the property was $1,150,000, resulting in an average price per unit of $164,286 and a price per square foot of $367.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,150,000
  • Number of Units: 7
  • Price Per Unit: $164,286
  • Total Square Footage: 3,134
  • Price Per Square Foot: $367
  • Address: 2653 West Crystal Street, Chicago

George Javaras of Triad Real Estate Partners served as the broker for this transaction. His expertise and experience in the Chicago market were instrumental in facilitating the sale of this property. The successful transaction highlights the value and potential of the multi-family asset located on West Crystal Street.

Players

George Javaras

Triad Real Estate Partners

Broker

$7.6M

vol

4 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93