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446 North Aberdeen Street

Updated Dec 4, 2024

Srinivasa Sirigiri Of Provident Realty Represents Buyer In $1.425M Chicago Multifamily Sale
SOLDMultiFamily

Srinivasa Sirigiri Of Provident Realty Represents Buyer In $1.425M Chicago Multifamily Sale

446 North Aberdeen Street

$1,425,000

Units

3

Asset Type

MultiFamily

Closing

Sep 25, 2024

About this deal

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:

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.

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$1,425,000

MultiFamily

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Players

Srinivasa Sirigiri

Provident Realty

Broker

$7.2M

vol

4 deals

Broker
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Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $475K per unit across 3 units on a published $1.4M (2024).

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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

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