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3856 West Diversey Avenue, ...

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

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

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

$2,875,000

Building Size

Asset Type

MultiFamily

Closing

Jul 11, 2022

AI

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

Interra Realty

Broker

$280.5M

vol

37 deals

Broker

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

5.52%

Cash-on-Cash

-1.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93