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3345 North Lakewood Avenue,...

Baird & Warner Acquires Multifamily Property In Chicago For $1.06M
SOLDMultiFamily

Baird & Warner Acquires Multifamily Property In Chicago For $1.06M

3345 North Lakewood Avenue, Chicago, IL 60657

$1,064,000

$340/SF

Building Size

3,125 SF

Asset Type

MultiFamily

Closing

May 16, 2021

AI

A multifamily property located at 3345 N Lakewood Ave in Chicago has been sold for a price of $1,064,000. The property consists of 3 units, with an average price per unit of $354,667. The transaction took place on May 17, 2021. The buyer's representative in this deal was Jacqueline Lafferty from Baird & Warner, while Michelle Berger from North Clybourn Group, Inc. represented the seller.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,064,000
  • Address: 3345 N Lakewood Ave, Chicago
  • Units: 3
  • Price per Unit: $354,667
  • Date: May 17, 2021
  • Buyer's Representative: Jacqueline Lafferty - Baird & Warner
  • Seller's Representative: Michelle Berger - North Clybourn Group, Inc.

Jacqueline Lafferty, from Baird & Warner, represented the buyer in this transaction. She played a key role in ensuring a successful sale of the multifamily property. Michelle Berger, from North Clybourn Group, Inc., represented the seller and facilitated the negotiation process. Their expertise and professionalism helped in finalizing the deal.

Players

Jacqueline Lafferty

Baird & Warner

Broker

$9M

vol

2 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

14.91%

Cash-on-Cash

-4.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93