Updated Dec 4, 2024
Multifamily Property In Chicago Sold For $1.22M With Buyer's Rep Jerry Brown & Seller's Rep CaseyAnn Reid And Joanna Olszynska
3655 South Indiana Avenue
$1,220,000
Units
3
Asset Type
MultiFamily
Closing
Oct 30, 2023
About this deal
AI
A multifamily property located at 3655 South Indiana Avenue in Chicago has been sold for $1,220,000. The transaction was facilitated by buyer's representative Jerry Brown from Keller Williams ONEChicago and seller's representatives CaseyAnn Reid and Joanna Olszynska from Compass. The property consists of three units, with a per-unit price of $406,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 3655 South Indiana Avenue
- Market: Chicago
- Buyer's Representative: Jerry Brown - Keller Williams ONEChicago
- Seller's Representatives: CaseyAnn Reid & Joanna Olszynska - Compass
- Units: 3
- Per Unit Price: $406,667
The sale of this multifamily property provides a great investment opportunity. With a transaction price of $1,220,000, the property offers three units, each with a per-unit price of $406,667. The buyer's representative, Jerry Brown from Keller Williams ONEChicago, and the seller's representatives, CaseyAnn Reid and Joanna Olszynska from Compass, played pivotal roles in facilitating this transaction.
On the Map
$1,220,000
MultiFamily
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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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93