Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,295,000
$334/SF
MultiFamily
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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