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3515 North Marshfield Avenu...

Simmons Family Acquires Roscoe Village Multifamily From Reddy Arun For $1.1M
SOLDMultiFamily

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

Danny Lewis

Baird & Warner

Broker

$7.1M

vol

6 deals

Broker

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93