Updated Oct 29, 2024
TRB Properties One LLC Sells Multifamily Property In Chicago For $4.15M With Joe Smazal Of Interra Realty As The Broker
3138 South Indiana Avenue, Chicago, IL 60616
$4,150,000
$512/SF
Building Size
8,099 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
About this deal
AI
The multifamily property located at 3138-3140 S. Indiana Avenue in Chicago has been sold for a price of $4,150,000. The property consists of 21 units, with a price per unit of $197,619. The sale was facilitated by Joe Smazal of Interra Realty, representing the seller, TRB Properties One LLC, with Tom Boney as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 3138-3140 S. Indiana Avenue
- Market: Chicago
- Units: 21
- Price Per Unit: $197,619
Joe Smazal from Interra Realty played a crucial role as the broker in this transaction, representing the seller, TRB Properties One LLC. Tom Boney served as the seller's representative throughout the deal.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93