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3711 North Racine Avenue

Chicago Multifamily Property Sold For $1.5M With Buyer's Rep Carrie McCormick & Seller's Rep Jason Rowland & Joso Goreta
SOLDMultiFamily

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

Carrie McCormick

At Properties Commercial

Broker

$109.1M

vol

34 deals

Broker

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

10.27%

Cash-on-Cash

-2.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93