facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

46 E Cedar St Chicago, Il 6...

Thomas Klahn's Quest Realty Group Acquires Chicago Multifamily For $2.52M
SOLDMultiFamily

Thomas Klahn's Quest Realty Group Acquires Chicago Multifamily For $2.52M

46 E Cedar St Chicago, Il 60611, Usa

$2,520,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2023

AI

This historic Gold Coast Greystone home in Chicago, built by Potter Palmer, is being offered for sale at a price of $2,520,000. The property is a rare investment opportunity, featuring a sun-filled duplex unit, a private rooftop deck, and three fireplaces. Its prime location near Lake Michigan and upscale amenities make it an elegant and sought-after property.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,520,000
  • Address: 46 East Cedar Street, Chicago
  • Market: Chicago

Thomas Klahn from Quest Realty Group represented the buyer in this transaction, while Carrie McCormick Properties represented the seller. The buyer's representative, Thomas Klahn, played a key role in facilitating the deal, ensuring a smooth transaction for the buyer. Carrie McCormick, as the seller's representative, utilized her expertise in the Chicago market to negotiate the terms of the sale.

Players

Carrie McCormick

At Properties Commercial

Broker

$109.1M

vol

34 deals

Broker

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

6.29%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93