Updated Sep 9, 2024
Fulton Grace Realty Acquires Multifamily Property On North Janssen Ave In Chicago
3538 N Janssen Ave Chicago, IL 60657, USA
$2,053,538
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
A well-maintained 2-flat property located at 3538 North Janssen Avenue in Chicago's Lake View/Southport corridor has been sold in a closed transaction. Originally built in the late 1800s, this multifamily property attracted multiple offers from investors and developers. It features original woodwork, hardwood floors, stained glass, and has an updated roof and electric system. Situated on a 50x125 lot, the property also includes a spacious garage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,053,538
- Address: 3538 North Janssen Avenue, Chicago
- Market: Chicago
The buyer's representative in this transaction was Konrad Dabrowski from Fulton Grace Realty, while the seller's representative was Rita O'Connor from RE/MAX.
On the Map
$2,053,538
MultiFamily
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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
7.72%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93