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533 West Belden Avenue, Chi...

Compass Acquires Multifamily Property In Chicago For $2.8M
SOLDMultiFamily

Compass Acquires Multifamily Property In Chicago For $2.8M

533 West Belden Avenue, Chicago, IL, USA

$2,800,000

$1,647/SF

Building Size

1,700 SF

Asset Type

MultiFamily

Closing

Mar 18, 2021

AI

533 W Belden Ave, a multifamily property in Chicago, was recently sold on March 19, 2021. The transaction was facilitated by buyer's representative Timothy Sheahan from Compass and seller's representative Naseem El-Barbarawi from Jameson Sotheby's Intl Realty. The property was sold for a price of $2,800,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Market: Chicago

This deal showcases the involvement of Timothy Sheahan from Compass as the buyer's representative and Naseem El-Barbarawi from Jameson Sotheby's Intl Realty as the seller's representative. They played significant roles in ensuring the successful completion of the transaction, representing their respective clients throughout the process.

Players

Naseem El Barbarawi

Sotheby's International Realty

Broker

$5.3M

vol

2 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93