SOLDMultiFamily
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
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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93