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4126 West 24th Place

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

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.

Players

Clay Maxfield

Quantum Real Estate Advisors

Broker

$27.5M

vol

10 deals

Broker

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