Redfin Corporation Acquires Multifamily Property In Chicago For $1.3M
3401 North Hamlin Avenue, Chicago, Illinois 60618, United States
$1,295,000
$334/SF
Building Size
3,875 SF
Asset Type
MultiFamily
Closing
May 24, 2022
AI
An multifamily property located at 3401 N Hamlin Ave in Chicago was recently sold for $1,295,000. The property spans across a lot size of 3,875 square feet, resulting in a price per square foot of $334.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Lot Size: 3,875 square feet
- Price per Square Foot: $334
- Address: 3401 N Hamlin Ave, Chicago
The buyer's representative in this transaction was Greg Whelan from Redfin Corporation, while the seller's representative was Timothy Sheahan from Compass.
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
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93