Updated Oct 28, 2024
Inhabit Realty Group Acquires 5-Unit Multifamily Building In Lakeview, Chicago For $1.28M
3136 North Clifton Avenue, Chicago, IL 60657, USA
$1,277,500
$255/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
Inhabit Realty Group LLC has acquired the 5-unit apartment building located at 3136 N Clifton in the Lakeview neighborhood of Chicago. The property, a multifamily asset, was sold by Sung Yoo. The sale took place on July 23, 2021.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,277,500
- Address: 3136 N Clifton, Lakeview, Chicago
- Market: Lakeview, Chicago
- Buyer: Inhabit Realty Group LLC
- Seller: Sung Yoo
- Brokers: A.J. Manaseer - Pearson Realty Group; Sung Yoo - Kale Realty
The 5-unit apartment building on Clifton Avenue presents an attractive investment opportunity for Inhabit Realty Group LLC. With rents in the building being among the lowest in the submarket and the units not having been upgraded since the 80s, there is potential to renovate the property and create value. A.J. Manaseer, principal at Inhabit Realty Group, highlighted this opportunity for their investment team.
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
12.42%
Cash-on-Cash
-3.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93