Updated Dec 4, 2024
BCG Real Estate Group Purchases Multifamily Property At 3129 West Augusta Boulevard For $2.32M
3129 West Augusta Boulevard
$2,320,000
$265/SF
Building Size
8,745 SF
Asset Type
MultiFamily
Closing
Oct 22, 2024
About this deal
AI
The asset involves a MultiFamily property located at 3129 West Augusta Boulevard in Chicago. The transaction price was $2,320,000, with a total of 14 units. The property covers a square footage of 8,745, leading to a price per unit of $165,714 and a price per square foot of $265.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,320,000
- Units: 14
- Square Footage: 8,745
- Price Per Unit: $165,714
- Price Per Square Foot: $265
- Buyer: BCG Real Estate Group
- Broker: Andrew Dorazio - Fitzgerald Real Estate
This transaction marks the largest sale to date for Dorazio Real Estate, exceeding $2.3 million, and also represents BCG's largest building purchase, enhancing their portfolio of owned and managed properties in the Ukrainian Village, Humboldt Park, and West Town neighborhoods.
On the Map
$2,320,000
$265/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93