Updated Dec 21, 2023
RE/MAX United's Nam Seo Acquires Multifamily Property In Chicago For $1M
3516 North Reta Avenue, Chicago, IL 60657
$1,000,000
$320/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
A multifamily property located at 3516 N Reta Ave in Chicago has been sold for a total price of $1,000,000. The property consists of 3 units, resulting in a price per unit of $333,333. The lot size is 3,125 square feet, making the price per square foot $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Price Per Unit: $333,333
- Lot Size: 3,125 square feet
- Price Per Square Foot: $320
- Market: Chicago
The buyer was represented by Nam Seo from RE/MAX United, while the seller was represented by D'Aprile Properties LLC from Kiser Group Realty Inc.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93