Brick Revival Acquires Multifamily Property In Chicago For $4.4M
4007-15 North Lowell Avenue, Chicago, IL, USA
$4,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 26, 2021
AI
A multifamily property located at 4007-15 N. Lowell in Chicago has been sold for a total price of $4,400,000. The property, consisting of 38 units, was purchased by Brick Revival, LLC. The sale took place on January 27, 2021. The price per unit for this transaction is $115,789.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 4007-15 N. Lowell, Chicago
- Market: Chicago
- Buyer: Brick Revival, LLC
- Seller: Domenico Pecoraro
- Buyer's Rep: Robert White & John Westbrook
- Seller's Rep: Matt Fritzshall
- Units: 38
- Price per Unit: $115,789
The buyer in this transaction, Brick Revival, LLC, was represented by Robert White & John Westbrook. The seller, Domenico Pecoraro, was represented by Matt Fritzshall.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93