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3825 North Pine Grove Avenue

Lakeview Realty Partners Acquires Multifamily In Chicago For $18.3M
SOLDMultiFamily

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

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

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