Chicago Multifamily Property Sold For $1.5M With Buyer's Rep Carrie McCormick & Seller's Rep Jason Rowland & Joso Goreta
3711 North Racine Avenue
$1,545,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 29, 2023
AI
3711 North Racine Avenue, a Chicago multifamily property, was sold for $1,545,000 in a recent transaction. The property is located in the market of Chicago and is classified as a multifamily asset.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,545,000
- Address: 3711 North Racine Avenue
- Market: Chicago
The buyer in this transaction was represented by Carrie McCormick of @properties Christie's International Real Estate. On the other hand, the seller was represented by Jason Rowland & Joso Goreta of Compass.
Note: The sale of 3711 North Racine Avenue, a Chicago multifamily property, was facilitated with a transaction amount of $1,545,000. Carrie McCormick from @properties Christie's International Real Estate served as the buyer's representative while Jason Rowland & Joso Goreta from Compass represented the seller.
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
10.27%
Cash-on-Cash
-2.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93