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2815 North Racine Avenue

Compass Brokers Facilitate $1.2M Sale Of South Lakeview Multifamily In Chicago
SOLDMultiFamily

Compass Brokers Facilitate $1.2M Sale Of South Lakeview Multifamily In Chicago

2815 North Racine Avenue

$1,202,500

Building Size

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

2815 North Racine Avenue in Chicago is a majestic three-story Greystone building, dating back to 1895, that recently sold for $1,202,500. The property offers meticulously maintained units with a mix of modern updates and historic charm. It is located in the vibrant South Lakeview neighborhood near Racine, Diversey, and Lincoln, providing a lucrative investment opportunity in the heart of the city.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,202,500
  • Address: 2815 North Racine Avenue
  • Market: Chicago

Compass brokers Christian Moisio, Deborah Hess, Timothy Sheahan, and Kevin Carey facilitated the transaction of 2815 North Racine Avenue. Their expertise contributed to the successful sale of this historical property, showcasing their commitment to delivering exceptional real estate services in the Chicago market.

Players

Timothy Sheahan

Compass

Broker

$38.8M

vol

10 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

13.19%

Cash-on-Cash

-3.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93