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
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