Updated Oct 29, 2024
Lakeview Realty Partners Acquires Multifamily In Chicago For $18.3M
3825 North Pine Grove Avenue
$18,300,000
$308/SF
Building Size
59,250 SF
Asset Type
MultiFamily
Closing
Feb 7, 2023
About this deal
AI
The multifamily property located at 3825 North Pine Grove Avenue in Chicago has been sold in a recent transaction. The property, which spans 59,250 square feet, was purchased by Lakeview Realty Partners from the Pine Grove Condominium Association. The sale price for this transaction was $18,300,000, resulting in a price per square foot of $309.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,300,000
- Address: 3825 North Pine Grove Avenue
- Market: Chicago
The transaction was facilitated by the brokers Andrew (Andy) Friedman and Jake Parker from Kiser Group. They represented Lakeview Realty Partners and played a key role in the successful completion of the deal.
On the Map
$18,300,000
$308/SF
MultiFamily
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Players
Market 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93