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:
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 4608 South Indiana Avenue
- Market: Chicago
- Buyer's Representative: Asia Robinson - Redfin
- Seller's Representative: Wilfredo Aguilar Jr. - Compass
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
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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93