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2745 N Ashland Ave, Chicago...

Mario Greco & Jeanne Keating Acquires Multifamily Property In Chicago
SOLDMultiFamily

Mario Greco & Jeanne Keating Acquires Multifamily Property In Chicago

2745 N Ashland Ave, Chicago, IL, USA

$1,715,000

$256/SF

Building Size

6,700 SF

Asset Type

MultiFamily

Closing

May 20, 2020

AI

Located in Chicago, the multifamily property at 2745 N Ashland Ave was recently sold in a closed transaction. The property consists of 3 units, and the sale price was $1,715,000, resulting in a per unit price of $571,667.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,715,000
  • Address: 2745 N Ashland Ave, Chicago
  • Market: Chicago

In this transaction, the buyer was represented by Jeanne Keating Properties. On the other hand, the seller was represented by Mario Greco and Nurettin Dasdelen from Berkshire Hathaway HomeServices Chicago.

Through this deal, the buyer acquired a multifamily property consisting of 3 units. The property is located at 2745 N Ashland Ave in the Chicago market. Jeanne Keating Properties represented the buyer, while Mario Greco and Nurettin Dasdelen from Berkshire Hathaway HomeServices Chicago represented the seller.

Players

Mario Greco

Compass

Broker

$18.7M

vol

9 deals

Broker
At Properties Commercial
At Properties CommercialBrokerage

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

9.25%

Cash-on-Cash

-2.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93