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3087 North Elbridge Avenue

Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M
SOLDMultiFamily

Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M

3087 North Elbridge Avenue

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

The property located at 3087 North Elbridge Avenue in Chicago has been sold for $1,300,000. This multifamily asset was involved in the transaction, and it was represented by Rizwan Gilani of Dream Town Realty as the buyer's representative. On the seller's side, Audrey Jones and Joseph (Joe) Kotoch of Compass acted as the seller's representatives.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 3087 North Elbridge Avenue
  • Market: Chicago

Rizwan Gilani, from Dream Town Realty, played a key role in representing the buyer in the sale of this property. Meanwhile, Audrey Jones and Joseph Kotoch, both from Compass, worked as the seller's representatives.

Players

Joseph Kotoch

Compass

Broker

$7.7M

vol

6 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93