Andy Gersten Roperties Acquires Multifamily Property On Claremont Ave In Chicago For $1.05M
3501 North Claremont Avenue, Chicago, Illinois 60618, United States
$1,050,000
$233/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
AI
A multifamily property located at 3501 N Claremont Ave in Chicago has been sold for $1,050,000. The property spans a total of 4,500 square feet, resulting in a price per square foot of $233. The lot size is 3,567 square feet, with a price per lot square foot of $294.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 3501 N Claremont Ave, Chicago
- Market: Chicago
- Buyer's Rep: Andy Gersten roperties
- Seller's Rep: Laura Topp - Berkshire Hathaway HomeServices Chicago
Andy Gersten roperties represented the buyer in this transaction, and Laura Topp of Berkshire Hathaway HomeServices Chicago represented the seller.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93