Updated Dec 4, 2024
Jaime Campos Of Re/Max Loyalty Represents Buyer In Sale Of Chicago Multifamily For $1.65M
4723 South Forrestville Avenue
$1,650,000
$141/SF
Building Size
11,700 SF
Asset Type
MultiFamily
Closing
Aug 12, 2024
About this deal
AI
A fully remodeled 8-unit multifamily building located at 4723 South Forrestville Avenue in Chicago's Bronzeville neighborhood has sold for $1,650,000. The property consists of 11,700 square feet and is fully occupied, cash-flowing with potential value-add opportunities. The price per unit stands at $206,250, while the price per square foot is $141.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 8
- Square Footage: 11,700
- Price Per Unit: $206,250
- Price Per Square Foot: $141
- Buyer's Representative: Jaime Campos - Re/Max Loyalty
- Seller's Representative: Theresa Mueller - Trelleum Real Estate
Jaime Campos represented the buyer in this transaction, while Theresa Mueller represented the seller. The collaboration between these agents facilitated the sale of this investment property, highlighting their roles in the multifamily real estate market in Chicago.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93