Updated Dec 21, 2023
Chicago Real Estate Resources Sells Multifamily Portfolio In West Garfield Park For $1.4M
4036 West Gladys Avenue, Chicago, Illinois 60624, United States
$1,400,000
Units
16
Asset Type
MultiFamily
Closing
Dec 9, 2021
About this deal
AI
A multifamily property in West Garfield Park has been sold for a total of $1,400,000. The property consists of four buildings located at 4036 W Gladys, 4131 W Gladys, 4316 W Gladys, and 4206 W Van Buren. The transaction was completed on 12/09/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 16
- Price Per Unit (PPU): $87,500
- Market: West Garfield Park
- Broker: Finley Askin - Chicago Real Estate Resources (CRER)
Finley Askin from Chicago Real Estate Resources (CRER) represented the parties involved in this transaction. The sale of the multifamily property included 16 units, with each unit priced at approximately $87,500. The deal was finalized on 12/09/2021, with the four buildings located at 4036 W Gladys, 4131 W Gladys, 4316 W Gladys, and 4206 W Van Buren.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93