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4937-39 N St Louis Ave, Chi...

Dream Town Realty Sells Multifamily Property In Chicago For $1.1M
SOLDMultiFamily

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

Tyson Schutz

The Apartment Source

Broker

$3.6M

vol

3 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93