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First Western Properties Sells 3 Building Portfolio In Pilsen, Chicago For $900,000

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SOLD
$900,000

Illinois

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MultiFamily12,000 SF
Sold 11/22/2022
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SOLD

First Western Properties Sells 3 Building Portfolio In Pilsen, Chicago For $900,000

2903 West 25th Street

See Similar Deals
MultiFamily12,000 SF
Sold 11/22/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$75
Total Square Footage:12,000 SF
Transaction Type:Sale

Located in the Pilsen and Little Village neighborhoods of Chicago, a three-building portfolio has been sold for $900,000. The portfolio consists of 11 multifamily units, totaling 12,000 square feet. The buildings, situated at 2903 W 25th Street, 2905 W 25th Street, and 2903-5 W 25th Street, offer a great investment opportunity in an emerging market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $900,000
  • Address: 2903 W 25th Street, 2905 W 25th Street, 2903-5 W 25th Street
  • Market: Pilsen, Little Village, Chicago

The sale of this portfolio was facilitated by Paul Tsakiris and Jacob Elgazar from First Western Properties. They represented the buyer and seller, ensuring a smooth transaction process. Their expertise in the local market and negotiation skills contributed to the successful closing of this deal.

This transaction presents a fantastic opportunity for investors looking to enter the Pilsen and Little Village markets. With increasing demand for multifamily properties in these neighborhoods, the 11-unit portfolio is expected to yield favorable returns for its new owner.

Players

Paul Tsakiris
4 deals$2.9M volume(773) 355-4780
BROKER

Jacob Elgazar
First Western Properties
3 deals$2.9M volume(773) 545-2000
BROKER

Details

SOLD
IMAGE: Paul Tsakiris & Jacob Elgazar DATE: 11/22/2022 ADDRESS: 2903 W 25th Street, 2905 W 25th Street, 2903-5 W 25th Street MARKET: Pilsen, Little Village, Chicago ASSET TYPE: Multifamily BROKERS: Paul Tsakiris ([email protected]) & Jacob Elgazar ([email protected]) - First Western Properties SALES PRICE: $900,000 SF: 12,000 - PPSF: $75 NOTE FROM BROKERS: Sold! 3 Building Portfolio Consisting of 11 units!

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,197.51
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