Updated Dec 20, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.375M
3536 North Reta Avenue, Chicago, IL 60657
$1,375,000
$458/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
About this deal
AI
A multifamily property located at 3536 N Reta Ave in Chicago has been sold for $1,375,000. The property consists of 4 units, with a price per unit of $343,750. The lot size is 3,000 square feet, making the price per square foot $458.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 4
- Price per Unit: $343,750
- Lot Size: 3,000 square feet
- Price per Square Foot: $458
The buyer was represented by Brian Joe Reid from BF Realty Inc, while the seller was represented by Tony Muno from Berkshire Hathaway HomeServices American Heritage Real Estate.
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93