Updated Dec 21, 2023
Northside Properties, LLC Acquires Multifamily Property In Chicago For $1.6M
3733 North Sheffield Avenue, Chicago, IL, USA
$1,645,000
$269/SF
Building Size
6,098 SF
Asset Type
MultiFamily
Closing
Apr 4, 2021
About this deal
AI
The multifamily property located at 3733 N Sheffield Ave in Chicago has been sold for $1,645,000. It consists of 6 units, resulting in a price per unit of $274,167.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,645,000
- Units: 6
- Price per Unit: $274,167
The buyer's representative for this transaction was John Mangan from Northside Properties, LLC, while Steven Rapoport from Chicago Real Estate Resources represented the seller.
The multifamily sale at 3733 North Sheffield Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1.6M in 2021. Reported inventory is 6,098 square feet across 6 units, or about 269 per square foot. Steven Rapoport, John Mangan, CRER (Chicago Real Estate Resources) appear on the sale alongside CRER (Chicago Real Estate Resources). This page is the Chicago, Illinois file for the 3733 North Sheffield Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3733 North Sheffield Avenue, Chicago, IL, USA around 2021. Published consideration for 3733 North Sheffield Avenue, Chicago, IL, USA is $1.6M, dated 2021. Cite this Northside Properties, LLC Acquires Multifamily Property In Chicago For $1.6M sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.64%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93