Updated Dec 4, 2024
Gloria Negron Sells Multifamily Property At 3121 West Augusta Boulevard For $1.18M
3121 West Augusta Boulevard
$1,180,000
$208/SF
Building Size
5,650 SF
Asset Type
MultiFamily
Closing
Sep 9, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 3121 West Augusta Boulevard in Chicago. The sale price for this asset was $1,180,000. The property consists of 3 units and spans a total square footage of 5,650, resulting in a price per unit of $393,333 and a price per square foot of $208.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Units: 3
- Square Footage: 5,650
- Price per Unit: $393,333
- Price per Square Foot: $208
- Seller: Gloria Negron
- Brokers: Manuel Pineda, Ben Lalez & Mark Buckner - Compass
- Date of Sale: 09/09/2024
The deal involved three brokers from Compass: Manuel Pineda, Ben Lalez, and Mark Buckner, who represented the seller, Gloria Negron. This transaction reflects the collaboration of these professionals in facilitating the sale of this multifamily property.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93