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452 North May Street

452 North May Street Multifamily Property In Chicago Sold For $1.215M With Buyer's Rep Nedal Kawash & Seller's Rep Brandon Carlson
SOLDMultiFamily

452 North May Street Multifamily Property In Chicago Sold For $1.215M With Buyer's Rep Nedal Kawash & Seller's Rep Brandon Carlson

452 North May Street

$1,215,000

Building Size

Asset Type

MultiFamily

Closing

Jan 11, 2024

AI

452 North May Street, a multifamily property in Chicago, was sold for $1,215,000. The property is located in the market of Chicago.

Summary of transaction details

Nedal Kawash, representing Hudson Burnham Real Estate, acted as the buyer's representative in the transaction. Brandon Carlson, from Mo2 Properties, represented the seller.

Players

Brandon Carlson

Mo2 Properties

Broker

$7.5M

vol

5 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

13.06%

Cash-on-Cash

-3.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93