Updated Oct 29, 2024
Todd Glickman & Naz Dustoor Acquire 6-Unit MultiFamily In Chicago For $1.68M
2806 N Mozart St Chicago, Il 60618, Usa
$1,680,000
$280/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
The property at 2806 North Mozart Street in Chicago has been sold in a recent transaction. The asset is a multifamily property consisting of six units, with a total square footage of 6,000. The sale price for this property was $1,680,000, resulting in a per unit price of $280,000. The price per square foot was also $280.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,680,000
- Units: 6
- Price per Unit: $280,000
- Square Footage: 6,000
- Price per Square Foot: $280
- Address: 2806 North Mozart Street, Chicago
- Market: Chicago
The buyers of the property are Todd Glickman and Naz Dustoor, while Alco Construction acted as the seller. The transaction was facilitated by brokers Jordan Gottlieb and Jim Darrow from Essex Realty Group.
Players
Market 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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93