Updated Oct 28, 2024
JAB Real Estate Sells Multifamily Property In Chicago For $5.3M
2865 West Shakespeare Avenue, Chicago, IL 60647, USA
$5,300,000
$614/SF
Building Size
8,632 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
A multifamily property located at 2865 W. Shakespeare Ave. in Chicago has been sold for $5,300,000. The property consists of 23 units, resulting in a price per unit of $230,435.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Address: 2865 W. Shakespeare Ave., Chicago
- Market: Chicago
The seller of the property was JAB Real Estate, represented by Oliver Goudet. The transaction was facilitated by brokers James Ziegler and Kyle Stengle from Marcus & Millichap.
The multifamily sale at 2865 West Shakespeare Avenue, Chicago, IL 60647, USA in Chicago, Illinois sold for $5.3M in 2020. Reported inventory is 8,632 square feet across 23 units, or about 614 per square foot. James Ziegler, Kyle Stengle, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Chicago, Illinois file for the 2865 West Shakespeare Avenue, Chicago, IL 60647, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2865 West Shakespeare Avenue, Chicago, IL 60647, USA around 2020. Published consideration for 2865 West Shakespeare Avenue, Chicago, IL 60647, USA is $5.3M, dated 2020. Cite this JAB Real Estate Sells Multifamily Property In Chicago For $5.3M sale when underwriting similar multifamily product around Chicago, Illinois.
On the Map
$5,300,000
$614/SF
MultiFamily
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93