Simmons Family Acquires Roscoe Village Multifamily From Reddy Arun For $1.1M
3515 North Marshfield Avenue, Chicago, Illinois 60657, United States
$1,100,000
$431/SF
Building Size
2,552 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
AI
The multifamily property located at 3515 N Marshfield Ave in Roscoe Village has been sold. The sale was finalized on 04/19/2022 for a sale price of $1,100,000. The property consists of 2 units, with a per unit price of $550,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
The buyer of the property is the Simmons Family, while the seller is Reddy Arun. The transaction was facilitated by two brokers, namely Danny Lewis from The Lewis Real Estate Group - Dream Town Realty and Martha Lozano from RE/MAX.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93