Updated Dec 19, 2023
Marcus & Millichap Brokers $17.1M Sale Of Multifamily Property In Chicago
3728 North Lake Shore Drive, Chicago, IL 60613
$17,100,000
Units
36
Asset Type
MultiFamily
Closing
Dec 19, 2021
About this deal
AI
The multifamily property located at 3728 N. Lake Shore Dr. in Chicago has been sold for $17,100,000. The transaction took place on December 19, 2021. The property consists of 36 units, with a price per unit (PPU) of $475,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $17,100,000
- Units: 36
- Price per Unit (PPU): $475,000
The brokerage firm, Marcus & Millichap, represented Kyle A. Stengle in this sale. Kyle A. Stengle served as the broker for the transaction.
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kyle Stengle to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93