Updated Dec 18, 2023
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
About this deal
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.
The multifamily sale at 2854 North Orchard Street, Chicago, IL 60657, USA in Chicago, Illinois sold for $1.1M in 2020. Reported inventory is 3,049 square feet across 2 units, or about 344 per square foot. Layching Quek, Jack Farioli, Redfin, At Properties Commercial appear on the sale alongside Redfin, At Properties Commercial. This page is the Chicago, Illinois file for the 2854 North Orchard Street, Chicago, IL 60657, 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 2854 North Orchard Street, Chicago, IL 60657, USA around 2020. Published consideration for 2854 North Orchard Street, Chicago, IL 60657, USA is $1.1M, dated 2020. Cite this Redfin Corporation Acquires Multifamily Property In Chicago For $1.05M sale when underwriting similar multifamily product around Chicago, Illinois.
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