$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.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93