Landmark & Property Group Inc Acquires Multifamily Building In Chicago For $1.45M
2719 North Kenmore Avenue, Chicago, IL 60614
$1,450,000
$281/SF
Building Size
5,150 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
AI
Located in Chicago, the multifamily property at 2719 N Kenmore Ave recently changed hands in a sale transaction. The property, which spans 5,150 square feet, offers a total of four units. The sale price for this asset was $1,450,000, resulting in a price per unit of $362,500. The price per square foot was calculated at $282. The lot size for this property is 3,525 square feet, with a price per lot square foot of $411.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 4
- Price per Unit: $362,500
- Square Footage: 5,150
- Price per Square Foot: $282
- Lot Size: 3,525 square feet
- Price per Lot Square Foot: $411
The transaction was facilitated by Bao Na Li from Landmark & Property Group, Inc, who represented the buyer. On the seller's side, Mary Beirne from Dream Town Realty acted as the seller's representative in the deal.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93