@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
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