Alley Ballard Acquires Multifamily Property On N Glenwood Ave In Chicago For $1.012M
5245 North Glenwood Avenue, Chicago, Illinois 60640, United States
$1,012,000
$337/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
May 22, 2022
AI
A multifamily property located at 5245 N Glenwood Ave in Chicago has been sold for a total price of $1,012,000. The property spans 3,000 square feet, resulting in a price per square foot of $337. The lot size is 4,375 square feet, with a price per lot square foot of $231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,012,000
- Address: 5245 N Glenwood Ave, Chicago
- Square Footage: 3,000
- Price per Square Foot: $337
- Lot Size: 4,375 square feet
- Price per Lot Square Foot: $231
The buyer's representative for this transaction was Alley Ballard Properties, while the seller's representative was Maureen Murnane Properties. Both parties played a crucial role in facilitating the deal.
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
15.67%
Cash-on-Cash
-4.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93