Arhome Realty Acquires Multifamily Property In Chicago For $1.9M
2744 North Southport Avenue, Chicago, IL 60614
$1,900,000
$391/SF
Building Size
4,850 SF
Asset Type
MultiFamily
Closing
Apr 15, 2021
AI
Located in Chicago, the multifamily property at 2744 N Southport Ave has been sold for $1,900,000. This transaction took place on April 16, 2021. The property is situated in the market of Chicago and is categorized as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
The buyer's representative in this deal was Steven Chie from Arhome Realty. On the other hand, Karen Biazar and Staci Slattery, both from North Clybourn Group, Inc., served as the seller's representatives.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93