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5245 North Glenwood Avenue,...

Alley Ballard Acquires Multifamily Property On N Glenwood Ave In Chicago For $1.012M
SOLDMultiFamily

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

Maureen Murnane

At Properties Commercial

Broker

$3.3M

vol

3 deals

Broker

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

15.67%

Cash-on-Cash

-4.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93