Multifamily Property In Chicago Sold For $1.175M With Reps From Real Broker LLC And North Clybourn Group
2678 West Washington Boulevard
$1,175,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 26, 2023
AI
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
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93