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3249 West Potomac Avenue, C...

Richard Kasper Acquires Multifamily Property In Chicago For $1.59M
SOLDMultiFamily

Richard Kasper Acquires Multifamily Property In Chicago For $1.59M

3249 West Potomac Avenue, Chicago, IL 60651

$1,590,000

$346/SF

Building Size

4,588 SF

Asset Type

MultiFamily

Closing

Jun 23, 2020

AI

A multifamily property located at 3249 W Potomac Ave in Chicago was recently sold for $1,590,000. The property consists of 7 units, resulting in a price per unit of $227,143. The sale of this property was facilitated by Richard Kasper from Compass, representing the buyer, and Erin & Ian Feinerman from @properties, representing the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,590,000
  • Units: 7
  • Price Per Unit: $227,143
  • Buyer's Representative: Richard Kasper - Compass
  • Seller's Representatives: Erin & Ian Feinerman - @properties

Richard Kasper from Compass and Erin & Ian Feinerman from @properties were instrumental in facilitating this transaction. Their expertise and negotiation skills played a significant role in ensuring a successful deal for their respective clients.

Players

Richard Kasper

Compass

Broker

$8M

vol

6 deals

Broker

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

9.98%

Cash-on-Cash

-2.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93