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
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