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
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