Updated Sep 9, 2024
Second City Real Estate Acquires Multifamily Property In Chicago For $1.45M
3306 N Racine Ave, Chicago, Illinois 60657, United States
$1,450,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 6, 2022
About this deal
AI
3306 N Racine Ave in Chicago has been sold in a multifamily transaction. The sale took place on 02/07/2022 for a total price of $1,450,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 3306 N Racine Ave, Chicago
- Market: Chicago
The buyer's representative, Thomas Shallcross of Second City Real Estate, assisted in the transaction. The seller's representative was Jamie Connor from Jameson Sotheby's Intl Realty.
The multifamily sale at 3306 N Racine Ave, Chicago, Illinois 60657, United States in Chicago, Illinois sold for $1.5M in 2022. 3306 N Racine Ave, Chicago, Illinois 60657, United States is classified as Multifamily on Traded. Thomas Shallcross, Jamie Connor, GC Realty & Development appear on the sale alongside GC Realty & Development. This page is the Chicago, Illinois file for the 3306 N Racine Ave, Chicago, Illinois 60657, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3306 N Racine Ave, Chicago, Illinois 60657, United States around 2022. Published consideration for 3306 N Racine Ave, Chicago, Illinois 60657, United States is $1.5M, dated 2022. Cite this Second City Real Estate Acquires Multifamily Property In Chicago For $1.45M sale when underwriting similar multifamily product around Chicago, Illinois.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93