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3417 North Janssen Avenue

Chicago Multifamily Property Sold For $1.43M With Broker Thomas Moran's Representation
SOLDMultiFamily

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.

Players

Thomas Moran

At Properties Commercial

Broker

$14.3M

vol

6 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

11.09%

Cash-on-Cash

-3.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93