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Steven Jurgens Of 312 Estates LLC Represents Buyer In Sale Of Chicago Multifamily Property For $1.3M

Property Image
SOLD
$1,299,000
Eudice Fogel
Jayme Slate
Steven Jurgens

Illinois

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MultiFamily
Sold 07/29/2024
the dealplayerscompscontact
Property Image
SOLD

Steven Jurgens Of 312 Estates LLC Represents Buyer In Sale Of Chicago Multifamily Property For $1.3M

2729 North Magnolia Avenue

See Similar Deals
MultiFamily
Sold 07/29/2024
Eudice Fogel
Jayme Slate
Steven Jurgens
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A renovated three-unit multifamily property located at 2729 North Magnolia Avenue in Chicago sold for $1,299,000. The asset features a two-car garage and a coach house, which includes a two-bedroom simplex, a three-bedroom duplex, and a two-bedroom unit with rents below market rates due to long-term tenants.

Summary of transaction details:

This transaction involved key players in the real estate market, with Steven Jurgens representing the buyer through 312 Estates LLC, while Eudice Fogel and Jayme Slate represented the seller with their affiliation to Compass.

Players

Eudice Fogel
Compass
Eudice Fogel
3 deals$9.4M volume(312) 576-1200
BROKER
Jayme Slate
Compass
Jayme Slate
3 deals$9.4M volume(312) 320-7771
BROKER
Steven Jurgens
312 Estates
Steven Jurgens
1 deal$1.3M volume(773) 580-2907
BROKER

Details

SOLD
IMAGE: Jayme Slate & Eudice Fogel DATE: 07/29/2024 ADDRESS: 2729 North Magnolia Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Steven Jurgens (@Steven_Jurgens) - 312 Estates LLC (@312Estates) SELLER'S REP: Eudice Fogel & Jayme Slate (@FogelSlateGroup) - Compass (@Compass) SALE PRICE: $1,299,000 UNITS: 3 ~ PPU: $433,000 NOTE: A renovated 3-unit property at 2729 North Magnolia Avenue in Chicago sold for $1.3 million. The building, featuring a two-car garage and a coach house, includes a two-bedroom simplex, a three-bedroom duplex, and a two-bedroom unit, with rents below market rates due to long-term tenants.

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

$69,280.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,615.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,157.92
Annual Debt Service$73,895.07