Fulton Grace Realty Facilitates $1.05M Sale Of Multifamily Property In Chicago
3936 N Marshfield Ave, Chicago, IL, USA
$1,050,000
$336/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
AI
A multifamily property located at 3936 N Marshfield Ave in Chicago was recently sold for $1,050,000. The property has a lot size of 3,125 square feet, resulting in a price per square foot of $336. The sale took place on August 31, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Lot Size: 3,125 square feet
- Price per Square Foot: $336
- Transaction Date: August 31, 2021
- Address: 3936 N Marshfield Ave, Chicago
- Broker: Roman Serra - Fulton Grace Realty
Roman Serra of Fulton Grace Realty represented the parties involved in the transaction as the broker. The property's sale price indicates a strong market value, considering the lot size and price per square foot. This successful sale reflects positive activity in the multifamily market in Chicago.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93