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
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