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2719 North Kenmore Avenue, ...

Landmark & Property Group Inc Acquires Multifamily Building In Chicago For $1.45M
SOLDMultiFamily

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

Bao Na Li

Broker

$2.5M

vol

2 deals

Broker

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