facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

3637 North Janssen Avenue, ...

Exit Strategy Realty Acquires Multifamily Property In Chicago For $1M
SOLDMultiFamily

Exit Strategy Realty Acquires Multifamily Property In Chicago For $1M

3637 North Janssen Avenue, Chicago, IL, USA

$1,000,000

$769/SF

Building Size

1,300 SF

Asset Type

MultiFamily

Closing

Apr 19, 2021

AI

A multifamily property located at 3637 N Janssen Ave in Chicago has been sold for $1,000,000. The property consists of 3 units, resulting in a price per unit of $333,333.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 3
  • Price Per Unit: $333,333

Derek Walvoord from Exit Strategy Realty - EMA Management represented the buyer in this transaction, while Matthew Cohen & Natasha Motev from Jameson Sotheby's Intl Realty represented the seller.

Players

Matthew Cohen

Maverick Commercial Mortgage

Broker

$5M

vol

5 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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