Updated Dec 21, 2023
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
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93