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3538 N Janssen Ave Chicago,...

Fulton Grace Realty Acquires Multifamily Property On North Janssen Ave In Chicago
SOLDMultiFamily

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

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.

Players

Konrad Dabrowski

Fulton Grace Realty

Broker

$13.8M

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

7.72%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93