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4608 South Indiana Avenue

Asia Robinson Of Redfin Represents Buyer In $1,020,000 Purchase Of Chicago Multifamily Property
SOLDMultiFamily

Asia Robinson Of Redfin Represents Buyer In $1,020,000 Purchase Of Chicago Multifamily Property

4608 South Indiana Avenue

$1,020,000

Building Size

Asset Type

MultiFamily

Closing

Jul 22, 2024

AI

The property involved in this transaction is a newly constructed multifamily asset located at 4608 South Indiana Avenue in Chicago. The sale price for this property was $1,020,000. This multifamily building is designed with high-quality finishes, spacious floor plans, and energy-efficient features, providing a desirable environment for its tenants.

Summary of transaction details:

Asia Robinson of Redfin represented the buyer in this transaction, while the seller was represented by Wilfredo Aguilar Jr. from Compass. This property's location is noted for being near transit, offering a calm tenant experience appealing to both owner-occupiers and investors seeking a turn-key asset.

Players

Wilfredo Aguilar Jr

Compass

Broker

$2M

vol

2 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

15.55%

Cash-on-Cash

-4.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93