Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 3457 North Avers Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1.2M in 2021. The building is 5,420 square feet, implying about 212 per square foot on the published price. Lucas Blahnik, Eddie Patel, At Properties Commercial appear on the sale alongside At Properties Commercial. This page is the Chicago, Illinois file for the 3457 North Avers Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3457 North Avers Avenue, Chicago, IL, USA around 2021. Published consideration for 3457 North Avers Avenue, Chicago, IL, USA is $1.2M, dated 2021. Cite this Zen Wealth Management Group Inc Acquires Multifamily Property In Chicago For $1.15M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93