Dream Town Realty Acquires Multifamily Property In Chicago For $1.25M With Buyer's Rep Colin Hebson
2911 North Seeley Avenue, Chicago, IL, USA
$1,250,000
$227/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
AI
Located in Chicago, the multifamily property at 2911 N Seeley Ave has recently been sold. The transaction took place on 03/12/2021 and it was represented by Colin Hebson from Dream Town Realty on behalf of the buyer, and Jacqueline Bujdei from Homesmart Connect LLC on behalf of the seller. The property consists of 4 units and was sold for $1,250,000, equating to a per unit price of $312,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 2911 N Seeley Ave
- Market: Chicago
- Buyer's Representative: Colin Hebson - Dream Town Realty
- Seller's Representative: Jacqueline Bujdei - Homesmart Connect LLC
- Units: 4
- Price per Unit: $312,500
Colin Hebson from Dream Town Realty represented the buyer in this transaction, while Jacqueline Bujdei from Homesmart Connect LLC represented the seller. The deal was closed for a total of $1,250,000, with each of the 4 units being sold for $312,500.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93