Jay Chandran & Melissa Morgan Close Multifamily Sale In Chicago For $1.025M
5240 North Delphia Avenue
$1,025,000
Building Size
—
Asset Type
MultiFamily
Closing
May 22, 2024
AI
A six-unit multi-family property located at 5240 North Oakview Street in Chicago was sold for $1,025,000. The property features well-maintained two-bedroom units and additional amenities such as a basement, attached garage, surface parking, and common laundry, making it a promising investment opportunity in the high-demand rental market of the O'Hare submarket.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 6
- Price Per Unit: $170,833
- Market: Chicago
- Buyer's Rep: Jay Chandran - Jay C. Realty Inc.
- Seller's Rep: Melissa Morgan - FLATS
Melissa Morgan represented the seller FLATS in the transaction, while Jay Chandran from Jay C. Realty Inc. served as the buyer's representative. The deal underscores the active real estate market in Chicago and highlights the role of key industry professionals in facilitating successful property transactions.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93