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3121 West Augusta Boulevard

Updated Dec 4, 2024

Gloria Negron Sells Multifamily Property At 3121 West Augusta Boulevard For $1.18M
SOLDMultiFamily

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

Ben Lalez

Compass

Broker

$4.5M

vol

3 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $208 per square foot on a published $1.2M for 5,650 square feet (2024).

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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

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