Dwelle Acquires 16-Unit Multifamily Property In Chicago For $4.4M
SOLD
$4,400,000
Illinois
See Similar DealsMultiFamily6,250 SF
Sold 11/20/2020
SOLD
Dwelle Acquires 16-Unit Multifamily Property In Chicago For $4.4M
3433 North Lakewood Avenue, Chicago, IL, USA
See Similar DealsMultiFamily6,250 SF
Sold 11/20/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$704
Total Square Footage:6,250 SF
Transaction Type:Sale
The multifamily property located at 3433-3443 N. Lakewood Avenue in Chicago was recently sold for a total price of $4,400,000. The transaction took place on November 20, 2020. The property consists of 16 units, resulting in a price per unit (PPU) of $275,000. The buyers of the property were Drew Breneman and Sam Meyer, representing Dwelle. The deal was facilitated by Kyle Stengle from the brokerage firm Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Units: 16
- Price Per Unit (PPU): $275,000
- Buyer: Dwelle - Drew Breneman & Sam Meyer
- Broker: Kyle Stengle - Marcus & Millichap
The sale of the property at 3433-3443 N. Lakewood Avenue in Chicago was facilitated by Kyle Stengle from Marcus & Millichap. Drew Breneman and Sam Meyer, representing Dwelle, were the buyers. This transaction further highlights the vibrant multifamily market in Chicago.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
Is there something missing? Send suggestions