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
Building Size
—
Asset Type
MultiFamily
Closing
Oct 30, 2023
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.
Players
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93