Updated Dec 4, 2024
Multifamily Property In Chicago Sold For $1.06M With Mushir Owaynat - Loop Realty Firm As The Broker
2717 West Belmont Avenue
$1,060,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 29, 2024
About this deal
AI
2717 West Belmont Avenue in Chicago is a multifamily property that was recently sold for $1,060,000. This property, represented by Mushir Owaynat from Loop Realty Firm, offers a great investment opportunity in the Chicago market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Broker: Mushir Owaynat - Loop Realty Firm
Mushir Owaynat from Loop Realty Firm played a key role in facilitating the successful sale of 2717 West Belmont Avenue in Chicago. With their expertise in the local market, they ensured that both the buyer and seller received the best possible outcome in this transaction.
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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93