The Apartment Source Acquires Multifamily Property On West Chicago Ave For $1.13M
2732 West Chicago Avenue, Chicago, IL 60622, USA
$1,130,000
$180/SF
Building Size
6,276 SF
Asset Type
MultiFamily
Closing
Apr 15, 2021
AI
A multifamily property located at 2732 W Chicago Ave in Chicago was sold on 04/16/2021. The property, measuring 6,276 square feet, was purchased for $1,130,000, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 2732 W Chicago Ave, Chicago
- Market: Chicago
Tyson Schutz from The Apartment Source acted as the buyer's representative in this transaction, while Richard Anselmo Properties represented the seller.
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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93