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2942 North Lincoln Avenue

USA Realty Group Acquires Multifamily Property In Chicago For $4.85M
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

Pasquale Recchia

At Properties Commercial

Broker

$7.1M

vol

2 deals

Broker

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