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2905 West Logan Boulevard, ...

Updated Dec 21, 2023

Compass' Steven Kehoe Sells Multifamily Property On Logan Blvd In Chicago For $1.35M
SOLDMultiFamily

Compass' Steven Kehoe Sells Multifamily Property On Logan Blvd In Chicago For $1.35M

2905 West Logan Boulevard, Chicago, Illinois 60647, United States

$1,350,000

$254/SF

Building Size

5,300 SF

Asset Type

MultiFamily

Closing

May 26, 2022

About this deal

AI

The multifamily property located at 2905 W Logan Blvd in Chicago has been sold for $1,350,000. The property consists of 3 units, with each unit priced at $450,000. The total square footage of the property is 5,300, resulting in a price per square foot of $255. The lot size is 3,920 square feet, with a price per lot square foot of $344. The sale took place on 05/27/2022 and was facilitated by Steven Kehoe from Compass as the seller's representative and Amanda Stamelos from Coordinate Properties LLC as the buyer's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Units: 3
  • Price per Unit: $450,000
  • Square Footage: 5,300
  • Price per Square Foot: $255
  • Lot Square Footage: 3,920
  • Price per Lot Square Foot: $344
  • Market: Chicago

Steven Kehoe from Compass represented the seller in the transaction, while Amanda Stamelos from Coordinate Properties LLC represented the buyer. This sale represents a successful transaction in the multifamily market in Chicago.

Players

Amanda Stamelos

Coordinate Properties

Broker

$1.4M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $254 per square foot on a published $1.4M for 5,300 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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