Updated Dec 4, 2024
Interra Realty Brokers $1.365M Sale Of 20-Unit Multifamily Portfolio In West Garfield Park And Austin, Chicago
4334 West West End Avenue & 5019 W. Maypole Avenue
$1,365,000
Units
20
Asset Type
MultiFamily
Closing
Nov 3, 2023
About this deal
AI
A 20-unit multifamily portfolio located in Chicago's West Garfield Park and Austin neighborhoods has been sold for $1,365,000. This off-market deal showcases the demand for value-add assets in Chicago's West Side, even in the current high-interest-rate environment. Each unit in the portfolio was priced at $68,250, highlighting the affordability of the properties.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Units: 20
- Price Per Unit (PPU): $68,250
- Market: Chicago
- Brokers: Samuel Gutierrez & Max Grossman - Interra Realty
Interra Realty facilitated the sale of this multifamily portfolio, demonstrating their expertise in the West Side market. Samuel Gutierrez and Max Grossman from Interra Realty served as the brokers in this transaction, bringing together the buyer and seller to complete the deal successfully.
On the Map
$1,365,000
MultiFamily
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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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93