Updated Dec 4, 2024
USA Realty Group Acquires Multifamily Property In Chicago For $4.85M
2942 North Lincoln Avenue
$4,850,000
Units
7
Asset Type
MultiFamily
Closing
Nov 10, 2023
About this deal
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.
The multifamily sale at 2942 North Lincoln Avenue in Chicago, Illinois sold for $4.9M in 2023. Reported inventory is 7 units across 7 units. Pasquale Recchia, Betty Prejzner, At Properties Commercial, USA Realty Group appear on the sale alongside At Properties Commercial, USA Realty Group. This page is the Chicago, Illinois file for the 2942 North Lincoln Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2942 North Lincoln Avenue around 2023. Published consideration for 2942 North Lincoln Avenue is $4.9M, dated 2023. Cite this USA Realty Group Acquires Multifamily Property In Chicago For $4.85M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Pasquale Recchia to view all their deals.
Browse Chicago multifamily sales on Traded.
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