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
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.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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