Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 3637 North Janssen Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1M in 2021. Reported inventory is 1,300 square feet across 3 units, or about 769 per square foot. Natasha Motev, Matthew Cohen, Derek Walvoord, Exit Realty Group appear on the sale alongside Exit Realty Group, Sotheby's International Realty, Maverick Commercial Mortgage. This page is the Chicago, Illinois file for the 3637 North Janssen Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3637 North Janssen Avenue, Chicago, IL, USA around 2021. Published consideration for 3637 North Janssen Avenue, Chicago, IL, USA is $1M, dated 2021. Cite this Exit Strategy Realty Acquires Multifamily Property In Chicago For $1M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
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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