Updated Oct 28, 2024
448 No Aberdeen, LLC Acquires Multifamily Property In Chicago For $2.2M, Sold By Gideon Adler
446 North Aberdeen Street, Chicago, IL 60642
$2,200,000
$275/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
Located at 446-448 N Aberdeen in Chicago, this multifamily property was recently sold in a closed transaction. The sale, facilitated by Ryan Wewerka from InCommercial and Nate Gautsche from Chicago Real Estate Resources, was completed on December 30, 2021.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $2,200,000
- Units: 6
- Price per Unit: $366,667
- Total Square Feet: 8,000
- Price per Square Foot: $275
The buyer of this property was 448 No Aberdeen, LLC, while Gideon Adler acted as the seller. Ryan Wewerka from InCommercial and Nate Gautsche from Chicago Real Estate Resources represented the seller in this transaction.
On the Map
$2,200,000
$275/SF
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93