Fathom Realty Acquires Multifamily Property In Chicago For $1.2M
2746 West Potomac Avenue, Chicago, IL 60622, USA
$1,193,000
$355/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
May 27, 2020
AI
An upscale multifamily property located at 2746 W Potomac Ave in Chicago has been sold for a total of $1,193,000. The property, consisting of 4 units, was sold at an average price of $298,250 per unit. This transaction took place on May 27, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,193,000
- Units: 4
- Price per Unit: $298,250
- Market: Chicago
The buyer was represented by Kyle Roach from Fathom Realty IL LLC, while the seller was represented by Brianna Zdravkovic and Charlie Shields from Second City Real Estate.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.30%
Cash-on-Cash
-3.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93