Compass Sells 6,126 SF Multifamily Property In Chicago For $2.85M
3719 North Seminary Avenue
$2,850,000
$465/SF
Building Size
6,126 SF
Asset Type
MultiFamily
Closing
Jan 9, 2024
AI
In Chicago, the multifamily property at 3719 North Seminary Avenue was sold for $2,850,000. The property spans 6,126 square feet, resulting in a price per square foot of $465.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Square Footage: 6,126
- Price per Square Foot: $465
- Seller's Representatives: Jason Rowland & Joso Goreta - Compass
- Broker: Michael Endre - Roemer Park Realty Group Inc
Jason Rowland and Joso Goreta of Compass served as the seller's representatives for the transaction, while Michael Endre of Roemer Park Realty Group Inc acted as the broker.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93