Quantum Real Estate Advisors Brokers $2.7M Sale Of Little Village Multifamily
4126 West 24th Place
$2,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 21, 2023
AI
A 38-unit multifamily property located at 4126 West 24th Place in Chicago's Little Village has been sold for $2.7 million. The property, owned by the seller for 25 years, was represented by Clay Maxfield from Quantum Real Estate Advisors. The buyer is a local owner with multiple assets in Chicago and nearby suburbs.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 38
- Price per Unit: $71,053
- Market: Chicago
This successful transaction was brokered by Clay Maxfield from Quantum Real Estate Advisors. Clay's expertise helped facilitate the sale of the multifamily property in Little Village.
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93