Richard Kasper Acquires Multifamily Property In Chicago For $1.59M
SOLD
$1,590,000
Illinois
See Similar DealsMultiFamily4,588 SF
Sold 06/23/2020
SOLD
Richard Kasper Acquires Multifamily Property In Chicago For $1.59M
3249 West Potomac Avenue, Chicago, IL 60651
See Similar DealsMultiFamily4,588 SF
Sold 06/23/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:4,588 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,648.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,537.41
Annual Debt Service$90,448.93
Is there something missing? Send suggestions