Updated Dec 4, 2024
Historic Three-Unit Building Sold In Chicago For $1.125M With Ron Ehlers As Buyer's Rep
4907 North Talman Avenue
$1,125,000
Units
3
Asset Type
MultiFamily
Closing
Aug 5, 2024
About this deal
AI
A historic three-unit building located at 4907 North Talman Avenue in Chicago's Lincoln Square sold for $1,125,000. The asset features 1,900 square feet with high ceilings, hardwood floors, and updated kitchens. This multifamily property includes a landscaped backyard and a new three-car garage, with a proforma income of $97,200 annually and additional rental potential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 3
- Price Per Unit: $375,000
- Buyer's Representative: Ron Ehlers - Compass
- Seller's Representatives: Ted Mortellaro & Todd Szwajkowski - Dream Town Real Estate
This transaction involved key representatives from the real estate industry, with Ron Ehlers serving as the buyer's representative from Compass, while the seller was represented by Ted Mortellaro and Todd Szwajkowski from Dream Town Real Estate.
On the Map
$1,125,000
MultiFamily
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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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93