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3415 North Seminary Avenue,...

Dream Town Realty Acquires Multifamily Property In Chicago For $1.05M
SOLDMultiFamily

Dream Town Realty Acquires Multifamily Property In Chicago For $1.05M

3415 North Seminary Avenue, Chicago, IL 60657, USA

$1,050,000

$216/SF

Building Size

4,840 SF

Asset Type

MultiFamily

Closing

Nov 19, 2021

AI

A multifamily property located at 3415 N Seminary Ave in Chicago has been sold for $1,050,000. The property consists of 5 units, resulting in a price per unit of $210,000. The total square footage of the property is 4,840, with a price per square foot of $217. The lot size is 5,663 square feet, equating to a price per lot square foot of $185.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 5
  • Price per Unit: $210,000
  • Square Footage: 4,840
  • Price per Square Foot: $217
  • Lot Size: 5,663 square feet
  • Price per Lot Square Foot: $185

Mitir A. Patel from Dream Town Realty represented the buyer in this transaction, while Henry Torn from Listwithfreedom.Com represented the seller.

Players

Mitir A. Patel

Dream Town Realty

Broker

$5.6M

vol

5 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93