SOLDMultiFamily
Zen Wealth Management Group Inc Acquires Multifamily Property In Chicago For $1.15M
3457 North Avers Avenue, Chicago, IL, USA
$1,150,000
$212/SF
Building Size
5,420 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
AI
The sale of a multifamily property in Chicago has been completed for a price of $1,150,000. The property is located at 3457 N. Avers Avenue.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 01/14/2021
- Buyer's Representative: Eddie Patel - Zen Wealth Management Group Inc
- Seller's Representative: Lucas Blahnik - @properties
- Market: Chicago
Eddie Patel of Zen Wealth Management Group Inc represented the buyer, while Lucas Blahnik, from @properties, represented the seller in this transaction.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93