Updated Dec 21, 2023
RE/MAX Properties Northwest Acquires Multifamily Property In Chicago For $1.46M
3515 North Seminary Avenue, Chicago, IL 60657, USA
$1,465,000
$565/SF
Building Size
2,592 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
The multifamily property located at 3515 N Seminary Ave in Chicago has been sold for a total price of $1,465,000. The property consists of 3 units, resulting in a price per unit of $488,333. With a lot size of 2,592 square feet, the price per square foot comes out to be $565.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,465,000
- Units: 3
- Price per Unit: $488,333
- Lot Size: 2,592 square feet
- Price per Square Foot: $565
Danny McGovern from RE/MAX Properties Northwest represented the buyer in this transaction, while Dori Gordon from Home Sweet Home Ryan Realty represented the seller. No additional information is available about the deal.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Danny McGovern to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93