Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 2732 West Chicago Avenue, Chicago, IL 60622, USA in Chicago, Illinois sold for $1.1M in 2021. The building is 6,276 square feet, implying about 180 per square foot on the published price. Tyson Schutz, Richard (Rich) Anselmo, At Properties Commercial, The Apartment Source appear on the sale alongside At Properties Commercial, The Apartment Source. This page is the Chicago, Illinois file for the 2732 West Chicago Avenue, Chicago, IL 60622, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2732 West Chicago Avenue, Chicago, IL 60622, USA around 2021. Published consideration for 2732 West Chicago Avenue, Chicago, IL 60622, USA is $1.1M, dated 2021. Cite this The Apartment Source Acquires Multifamily Property On West Chicago Ave For $1.13M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
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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