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

Property Image
SOLD
$1,064,000

Illinois

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MultiFamily3,125 SF
Sold 05/17/2021
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Property Image
SOLD

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

3345 North Lakewood Avenue, Chicago, IL 60657

See Similar Deals
MultiFamily3,125 SF
Sold 05/17/2021
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:3,125 SF
Transaction Type:Sale

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 (Jackie) Lafferty
2 deals$9M volume
BROKER

Michelle Berger
Baird & Warner
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Michelle Berger DATE: 05/17/2021 ADDRESS: 3345 N Lakewood Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jacqueline Lafferty - Baird & Warner SELLER'S REP: Michelle Berger - North Clybourn Group, Inc. SALE PRICE: $1,064,000 UNITS: 3 ~ PPU: $354,667

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,780.16
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