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3858 North Hermitage Avenue...

Captain Realty LLC Acquires Multifamily Property In Chicago For $1.06M
SOLDMultiFamily

Captain Realty LLC Acquires Multifamily Property In Chicago For $1.06M

3858 North Hermitage Avenue, Chicago, IL 60613, USA

$1,060,000

$210/SF

Building Size

5,045 SF

Asset Type

MultiFamily

Closing

Jul 29, 2020

AI

The multifamily property located at 3858 N Hermitage Ave in Chicago was sold for a price of $1,060,000 on July 29, 2021. The transaction was facilitated by Elizabeth Cavanaugh from Captain Realty LLC, who represented the buyer. On the seller's side, Joseph Root and Ayebitorofa Itima from Root Realty, Inc. acted as the seller's representatives.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,060,000
  • Address: 3858 N Hermitage Ave, Chicago
  • Market: Chicago

The sale of this multifamily property showcases the expertise and negotiation skills of both parties involved. Elizabeth Cavanaugh from Captain Realty LLC diligently represented the buyer, ensuring a successful transaction. Joseph Root and Ayebitorofa Itima from Root Realty, Inc. effectively acted as the seller's representatives, facilitating the sale of the property.

Players

Joseph Root

Root Realty

Broker

$15.9M

vol

9 deals

Broker

Chicago 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

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93