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Quantum Real Estate Advisors Brokers $2.7M Sale Of Little Village Multifamily

Property Image
SOLD
$2,700,000

Illinois

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MultiFamily
Sold 12/21/2023
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Property Image
SOLD

Quantum Real Estate Advisors Brokers $2.7M Sale Of Little Village Multifamily

4126 West 24th Place

See Similar Deals
MultiFamily
Sold 12/21/2023
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Clay Maxfield
Quantum Real Estate Advisors
Clay Maxfield
10 deals$27.5M volume
BROKER

Details

SOLD
IMAGE: Clay Maxfield DATE: 12/21/2023 ADDRESS: 4126 West 24th Place MARKET: Chicago ASSET TYPE: Multifamily BROKER: Clay Maxfield (@MaxCo47) - Quantum Real Estate Advisors (@QREAdvisors_Inc) SALE PRICE: $2,700,000 UNITS: 38 ~ PPU: $71,053 NOTE: Quantum Real Estate Advisors brokered the $2.7 million sale of a 38-unit multifamily property in Chicago's Little Village at 4126 W. 24th Place. The seller, owner for 25 years, was represented by Clay Maxfield, and the property was acquired by a local owner with multiple assets in Chicago and nearby suburbs.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53