Srinivasa Sirigiri Of Provident Realty Represents Buyer In $1.425M Chicago Multifamily Sale
446 North Aberdeen Street
$1,425,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 25, 2024
AI
A 3-flat residential building located at 446 North Aberdeen Street in Chicago's Fulton Market has been sold for $1.425 million, which amounts to $475,000 per unit. The property consists of three updated 2-bedroom, 2-bathroom units equipped with modern amenities. Additionally, it includes garage parking and an unfinished basement, presenting potential for future development in a vibrant urban area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Units: 3
- Price Per Unit: $475,000
- Buyer's Representative: Srinivasa Sirigiri - Provident Realty
- Seller's Representative: Robert Baum - @Properties Commercial
The transaction involved key representatives from prominent real estate agencies, with Srinivasa Sirigiri representing the buyer and Robert Baum serving for the seller. Their roles contributed to the closing of this multifamily investment opportunity in Chicago.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93