Updated Dec 4, 2024
Quantum Real Estate Advisors Brokers $2.7M Sale Of Little Village Multifamily
4126 West 24th Place
$2,700,000
Units
38
Asset Type
MultiFamily
Closing
Dec 21, 2023
About this deal
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.
On the Map
$2,700,000
MultiFamily
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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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93