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3755 North Sheffield Avenue...

@properties Brokers Sell Multifamily Property On Sheffield Avenue In Chicago For $1.09M
SOLDMultiFamily

@properties Brokers Sell Multifamily Property On Sheffield Avenue In Chicago For $1.09M

3755 North Sheffield Avenue, Chicago, IL, USA

$1,090,000

$259/SF

Building Size

4,200 SF

Asset Type

MultiFamily

Closing

Jan 25, 2021

AI

3755 N. Sheffield Avenue, located in the Chicago market, recently sold for a price of $1,090,000. This multifamily property spans across 4,200 square feet, resulting in a price per square foot of $260. The property consists of three units, with each unit valued at approximately $363,333.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000
  • Square Footage: 4,200
  • Price per Square Foot: $260
  • Number of Units: 3
  • Price per Unit: $363,333

The sale transaction was facilitated by brokers Andy Walton and Lucas Blahnik from @properties. They played a crucial role in representing the parties involved in the deal.

Players

Lucas Blahnik

At Properties Commercial

Broker

$4.8M

vol

4 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

14.55%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93