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3729 North Bosworth Avenue

Heidie Maslo & Thomas Shallcross Broker $1.1M Sale Of Multifamily Asset In Chicago
SOLDMultiFamily

Heidie Maslo & Thomas Shallcross Broker $1.1M Sale Of Multifamily Asset In Chicago

3729 North Bosworth Avenue

$1,116,000

Building Size

Asset Type

MultiFamily

Closing

Apr 23, 2024

AI

3729 North Bosworth Avenue in Chicago, a multifamily asset, was sold for $1,116,000, with meticulously maintained units blending modern updates with historic charm, featuring three distinct units each with unique appeal, separate laundry, enclosed rear porches, and supplementary income from a two-car garage, presenting an exceptional investment opportunity in a prime location with exceptional rental potential.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,116,000
  • Address: 3729 North Bosworth Avenue
  • Market: Chicago

Thomas Shallcross of GC Realty and Development represented the buyer, while Heidie Maslo of @properties Christie's International Real Estate represented the seller in the transaction of 3729 North Bosworth Avenue. This classic brick 3-flat in the vibrant Southport Corridor/Wrigleyville area offers not only a blend of modern updates and historic charm but also presents an exceptional investment opportunity with supplementary income from a two-car garage.

Players

Thomas Shallcross

GC Realty & Development

Broker

$2.6M

vol

2 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

14.21%

Cash-on-Cash

-4.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93