Kobi Dvora Acquires Multifamily Property In Sheridan Park, Chicago
4442 North Magnolia Avenue, Chicago, IL 60640, USA
$1,785,000
$215/SF
Building Size
8,286 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
The multifamily property located at 4442-4444 North Magnolia Avenue in Sheridan Park, Chicago, was recently sold in a transaction facilitated by Marcus & Millichap. The property consists of 6 units and spans 8,286 square feet. The sale price for the property was $1,785,000, resulting in a price per unit of $297,500 and a price per square foot of $215.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,785,000
- Date: 12/03/2021
- Address: 4442-4444 North Magnolia Avenue
- Market: Sheridan Park, Chicago
The buyer of the property was Kobi Dvora, while the seller was 4444 N Magnolia LLC. The transaction was facilitated by Duke Wang, Kyle Stengle, Steve Rachman, Kobi Dvora, and Joe Powers from Marcus & Millichap.
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
8.89%
Cash-on-Cash
-2.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93