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Multifamily Property In Chicago Sold For $1.175M With Reps From Real Broker LLC And North Clybourn Group

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SOLD
$1,175,000

Illinois

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MultiFamily
Sold 10/26/2023
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Property Image
SOLD

Multifamily Property In Chicago Sold For $1.175M With Reps From Real Broker LLC And North Clybourn Group

2678 West Washington Boulevard

See Similar Deals
MultiFamily
Sold 10/26/2023
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 2678 West Washington Boulevard in Chicago has been sold for $1.175 million. The property is situated in a prime location in the city and offers a range of residential units. It represents a lucrative investment opportunity in the Chicago market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,175,000
  • Address: 2678 West Washington Boulevard, Chicago
  • Market: Chicago

The buyer's representative in this transaction is Daniela Pagani from Real BrokerLLC. She played a crucial role in guiding the buyer through the process and ensuring a successful deal. On the other side, Karen Biazar and Staci Slattery of North Clybourn Group represented the seller, bringing their expertise and negotiation skills to the table.

This transaction showcases the collaboration between these experienced professionals in the real estate industry. Their dedication and knowledge enabled the smooth completion of the sale, benefiting both the buyer and the seller. The successful outcome reflects the healthy real estate market in Chicago and the desirability of multifamily properties.

Overall, the sale of 2678 West Washington Boulevard in Chicago for $1.175 million, with representation from Daniela Pagani and Karen Biazar & Staci Slattery, marks a significant transaction in the city's multifamily property market.

Players

Karen Biazar
24 deals$34.4M volume
BROKER

Staci Slattery
North Clybourn Group
10 deals$12.4M volume
BROKER

Real Broker
BROKERAGE

Details

SOLD
IMAGE: Daniela Pagani, Staci Slattery & Karen Biazar DATE: 10/26/2023 ADDRESS: 2678 West Washington Boulevard MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Daniela Pagani (@DanielaPaganiHomes) - Real Broker LLC (@RealBrokerage) SELLER'S REP: Karen Biazar (@KarenBiazar) & Staci Slattery (@StaciSlattery)) - North Clybourn Group (@NGCGhicago) SALE PRICE: $1,175,000 NOTE: A multifamily property at 2678 West Washington Boulevard in Chicago was sold for $1.175 million, with buyer representation by Daniela Pagani and seller representation by Karen Biazar and Staci Slattery of North Clybourn Group.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19