Redfin Corporation Acquires Multifamily Property In Chicago For $1.05M
2854 North Orchard Street, Chicago, IL 60657, USA
$1,050,000
$344/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
AI
The multifamily property located at 2854 N Orchard St in Chicago was recently sold for $1,050,000. The property consists of 2 units, with a per unit price of $525,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 2
- Price Per Unit: $525,000
Layching Quek from Redfin Corporation represented the buyer in this transaction while John Farioli from tProperties represented the seller. Both parties played crucial roles in the successful completion of the deal.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93