facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

3743 N Clifton Ave, Chicago...

$1.6M Multifamily Sale In Chicago, IL With Seller's Rep Steve Rachman
SOLDMultiFamily

$1.6M Multifamily Sale In Chicago, IL With Seller's Rep Steve Rachman

3743 N Clifton Ave, Chicago, IL, 60613

$1,600,000

$272/SF

Building Size

5,875 SF

Asset Type

MultiFamily

Closing

Nov 22, 2023

AI

The property at 3743 N Clifton Ave in Chicago, IL, 60613, is a 5,875-square-foot apartment located in the city's Wrigleyville neighborhood. The multifamily asset was recently sold for $1,600,000, following extensive renovations that included new windows, a rear porch, updated kitchens, and baths.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,600,000.00
  • Market: Chicago
  • Seller's Representative: Stephen "Steve" Rachman (Marcus & Millichap)
  • Buyer: Unknown

Stephen "Steve" Rachman, an investment specialist at Marcus & Millichap's Chicago Downtown office, played a key role in marketing the property during the transaction. The seller, a local limited liability company, benefitted from the successful sale, with the buyer choosing to remain undisclosed.

Players

Stephen Rachman

Marcus & Millichap

Broker

$32.5M

vol

10 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93