Magnolia Grace Condominiums Association Sells Multifamily Property In Wrigleyville, Chicago For $2.85M
3763 North Magnolia Avenue, Chicago, IL 60613, USA
$2,850,000
$316/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
AI
The multifamily property located at 3763 N. Magnolia Ave in Wrigleyville, Chicago was recently sold. The sale was facilitated by Andy Friedman and Jake Parker from Kiser Group, who represented the seller, Magnolia Grace Condominiums Association. The transaction took place on October 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,850,000
- Number of Units: 12
- Price per Unit: $237,500
- Market: Wrigleyville, Chicago
The sale price for the property was $2,850,000, with each unit valued at approximately $237,500. The transaction involved a total of 12 units. Andy Friedman and Jake Parker, from Kiser Group, played a key role in representing the seller, Magnolia Grace Condominiums Association, in this deal.
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