Updated Dec 20, 2023
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
About this deal
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.
On the Map
$2,800,000
$1,647/SF
MultiFamily
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93