Dream Town Realty Sells Multifamily Property In Chicago For $1.1M
4937-39 N St Louis Ave, Chicago, IL, USA
$1,100,000
$129/SF
Building Size
8,496 SF
Asset Type
MultiFamily
Closing
Apr 26, 2021
AI
A multifamily property located at 4937-39 N St Louis Ave in Chicago has been sold for $1,100,000. With a total area of 8,496 square feet, the property is comprised of 6 units, resulting in a price-per-square-foot of $129 and a price-per-unit of $183,333. The transaction took place on 04/27/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 4937-39 N St Louis Ave, Chicago
- Market: Chicago
- Total Square Footage: 8,496
- Price Per Square Foot: $129
- Number of Units: 6
- Price Per Unit: $183,333
Tyson Schutz from The Apartment Source represented the buyer in this transaction, while Hilary & Barbara O'Connor from Dream Town Realty represented the sellers.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93