Updated Dec 4, 2024
Family Pride Realty Acquires Multifamily Property In Chicago's West Belden Avenue For $1.2M
3139 West Belden Avenue
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
A multifamily property located at 3139 West Belden Avenue in Chicago has been sold for $1,200,000. The transaction was facilitated by Jermane Cheatham of Family Pride Realty and Janet Roderick of AT Properties Commercial. The property offers a unique investment opportunity in the Chicago market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 3139 West Belden Avenue
- Market: Chicago
Jermane Cheatham of Family Pride Realty represented the buyer in this transaction. With their expertise in the local market, they identified the potential of the multifamily property and facilitated the successful acquisition. Janet Roderick of AT Properties Commercial served as the seller's representative and ensured a smooth process for all parties involved.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93