Chicago Multifamily Property Sold For $1.43M With Broker Thomas Moran's Representation
3417 North Janssen Avenue
$1,430,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 29, 2024
AI
3417 North Janssen Avenue, a multifamily property located in Chicago, was recently sold for $1.43 million. This transaction was facilitated by Thomas Moran from @properties Christie's International Real Estate. The property consists of 5 units, with each unit having a per unit price of $286,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Units: 5
- Price Per Unit: $286,000
- Broker: Thomas Moran - @properties Christie's International Real Estate
This sale marks a significant transaction in the Chicago real estate market. Thomas Moran, a representative from @properties Christie's International Real Estate, played a crucial role in brokering this deal. The acquisition of 3417 North Janssen Avenue is expected to add value to the buyer's portfolio while contributing to the overall growth of the multifamily sector in Chicago.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93