India Whiteside & Maureen Murnane Properties Of Christie's International Real Estate Sells Chicago Multifamily For $1.15M
5210 North Lakewood Avenue
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 12, 2024
AI
A 2-flat located at 5210 North Lakewood Avenue in Chicago's Lakewood Balmoral Historic District has been sold. The transaction was completed for $1.15 million, with each unit containing 2 bedrooms, 1 bath, and updated kitchens and baths. Additionally, the units include a sunroom and have potential for extra living space in the high-ceiling unfinished basement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 2
- Price Per Unit: $575,000
The buyer was represented by Michael Wax, while the sellers were represented by India Whiteside and Maureen Murnane of Christie's International Real Estate.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93