Updated Dec 19, 2023
Compass Representative Meg Wood Facilitates $1.01M Multifamily Sale In Chicago
5357 North Lakewood Avenue, Chicago, Illinois 60640, United States
$1,010,000
$255/SF
Building Size
3,955 SF
Asset Type
MultiFamily
Closing
Mar 4, 2022
About this deal
AI
A multifamily property located at 5357 N Lakewood Ave in Chicago has been sold for $1,010,000. The property is situated in the Chicago market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 5357 N Lakewood Ave
- Market: Chicago
Meg Wood from Compass represented the buyer, while Nick Rendleman from Nicholas Ryan Team - Your Home Sold Guaranteed Realty represented the seller in this transaction.
The multifamily sale at 5357 North Lakewood Avenue, Chicago, Illinois 60640, United States in Chicago, Illinois sold for $1M in 2022. The building is 3,955 square feet, implying about 255 per square foot on the published price. Nick Rendleman, Meg Wood, Compass appear on the sale alongside Compass. This page is the Chicago, Illinois file for the 5357 North Lakewood Avenue, Chicago, Illinois 60640, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 5357 North Lakewood Avenue, Chicago, Illinois 60640, United States around 2022. Published consideration for 5357 North Lakewood Avenue, Chicago, Illinois 60640, United States is $1M, dated 2022. Cite this Compass Representative Meg Wood Facilitates $1.01M Multifamily Sale In Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
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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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93