Updated Dec 4, 2024
Sushil Narsing Hani Of Citywide Real Estate Represents Buyer In Sale Of Chicago Multifamily For $2.1M
5047 North Central Park Avenue
$2,100,000
Units
12
Asset Type
MultiFamily
Closing
Sep 20, 2024
About this deal
AI
A 12-unit apartment building located at 5047 North Central Park Avenue in Chicago was sold for $2.1 million. The property encompasses 0.23 acres and features nine 2-bedroom and three 3-bedroom apartments. Amenities include a laundry room, storage, and parking spaces, making it a lucrative investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 12
- Price Per Unit: $175,000
- Buyer's Representative: Sushil Narsing Hani - Citywide Real Estate
- Seller's Representative: Stephanie Sadoff - Properties
Representing the buyer, Sushil Narsing Hani from Citywide Real Estate facilitated the transaction while Stephanie Sadoff from Properties represented the seller, ensuring that both parties were effectively represented during the sale process.
On the Map
$2,100,000
MultiFamily
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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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93