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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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