Redfin Represents Buyer In $1.01M Sale Of Chicago Multifamily Property
2734 West Winnemac Avenue
$1,012,500
Building Size
—
Asset Type
MultiFamily
Closing
Nov 13, 2023
AI
The multifamily property located at 2734 West Winnemac Avenue in Chicago has been sold for a total price of $1,012,500. This transaction was represented by Jenn Rivera of Redfin, who acted as the buyer's representative, and Donald Beard and Sohail Salahuddin of EXP Realty, who acted as the seller's representatives.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,012,500
- Address: 2734 West Winnemac Avenue, Chicago
- Market: Chicago
This property sale represents a successful transaction in the Chicago market. Jenn Rivera from Redfin, as the buyer's representative, played a crucial role in negotiating and finalizing the deal. On the other hand, Donald Beard and Sohail Salahuddin from EXP Realty skillfully represented the seller throughout the process. Their combined efforts resulted in the successful purchase of the property.
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
15.67%
Cash-on-Cash
-4.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93