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Interra Realty Brokers Sell Multifamily Property In Logan Square, Chicago For $2.875M

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SOLD
$2,875,000

Illinois

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SOLD

Interra Realty Brokers Sell Multifamily Property In Logan Square, Chicago For $2.875M

3856 West Diversey Avenue, Chicago, Illinois 60647, United States

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MultiFamily
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 3856 W. Diversey Ave. & 2544 N. Harding Ave in Logan Square, Chicago has been sold. The sale was facilitated by Brad Feldman and Jeremy Morton from Interra Realty. The transaction took place on July 12, 2022, and the property was sold for $2,875,000. The property consists of 15 units, with a price per unit of $191,667.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,875,000
  • Date: 07/12/2022
  • Address: 3856 W. Diversey Ave. & 2544 N. Harding Ave
  • Market: Logan Square, Chicago
  • Brokers: Brad Feldman & Jeremy Morton - Interra Realty
  • Units: 15
  • Price Per Unit: $191,667

Brad Feldman and Jeremy Morton from Interra Realty played a vital role in this transaction, representing the buyer and seller. The sale of this multifamily property in Logan Square highlights the significance of the real estate market in Chicago.

Players

Brad Feldman
36 deals$282.9M volume
BROKER

Jeremy Morton
Interra Realty
25 deals$85.4M volume
BROKER

Details

SOLD
IMAGE: Brad Feldman & Jeremy Morton DATE: 07/12/2022 ADDRESS: 3856 W. Diversey Ave. & 2544 N. Harding Ave MARKET: Logan Square, Chicago ASSET TYPE: Multifamily BROKERS: Brad Feldman & Jeremy Morton (@jmorton22) - Interra Realty SALE PRICE: $2,875,000 UNITS: 15 ~ PPU: $191,667

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$10,214.28
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