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
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.
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