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4442 North Magnolia Avenue,...

Kobi Dvora Acquires Multifamily Property In Sheridan Park, Chicago
SOLDMultiFamily

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

Stephen Rachman

Marcus & Millichap

Broker

$32.5M

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

8.89%

Cash-on-Cash

-2.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93