Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,050,000
$233/SF
MultiFamily
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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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93