Updated Dec 21, 2023
Interra Realty Facilitates $7.4M Sale Of Multifamily Property In Chicago
3708 North Sheffield Avenue, Chicago, IL 60613
$7,400,000
Units
26
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
Located at 3708-14 N. Sheffield Ave in Chicago, this multifamily property was recently sold. The transaction was facilitated by Joe Smazal of Interra Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,400,000
- Units: 26
- Price Per Unit (PPU): $284,615
This sale of the 26-unit multifamily property on Sheffield Ave underscores the thriving real estate market in Chicago. The property, representing an investment opportunity, was sold for a total of $7,400,000. With an average price per unit of $284,615, this deal highlights the demand for multifamily assets in the area.
The transaction was brokered by Joe Smazal of Interra Realty, who played a crucial role in facilitating the deal. His expertise and representation ensured a successful completion of the transaction.
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93