SOLDMultiFamily
USA Realty Group Acquires Multifamily Property In Chicago For $4.85M
2942 North Lincoln Avenue
$4,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 10, 2023
AI
In Chicago, a multifamily property at 2942 North Lincoln Avenue was sold for $4,850,000. The property comprises 7 units and has a per-unit price of $692,857.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Units: 7
- Price Per Unit: $692,857
Betty Prejzner of USA Realty Grouprepresented the buyer in the transaction, while Pasquale Recchia of @properties Christie's International Real Estate represented the seller.
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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93