Updated Dec 21, 2023
Marcus & Millichap Sells 5,875 SF Multifamily Property In Chicago For $1.6M
3743 North Clifton Avenue, Chicago, Illinois 60657, United States
$1,600,000
$272/SF
Building Size
5,875 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
3743 N. Clifton Ave in Chicago has been sold for $1,600,000. The property is a multifamily asset with a total area of 5,875 square feet. This translates to a price per square foot of $272.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 3743 N. Clifton Ave, Chicago
- Market: Chicago
The deal was facilitated by Marcus & Millichap's Steve Rachman, who represented the parties involved in the transaction.
The multifamily sale at 3743 North Clifton Avenue, Chicago, Illinois 60657, United States in Chicago, Illinois sold for $1.6M in 2022. The building is 5,875 square feet, implying about 272 per square foot on the published price. Stephen "Steve" Rachman, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Chicago, Illinois file for the 3743 North Clifton Avenue, Chicago, Illinois 60657, United States 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 3743 North Clifton Avenue, Chicago, Illinois 60657, United States around 2022. Published consideration for 3743 North Clifton Avenue, Chicago, Illinois 60657, United States is $1.6M, dated 2022. Cite this Marcus & Millichap Sells 5,875 SF 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93