Updated Dec 19, 2023
India Tougne TProperties Acquires Multifamily Property In Chicago For $1.2M
5415 North Magnolia Avenue, Chicago, IL 60640
$1,200,000
$281/SF
Building Size
4,262 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
About this deal
AI
An apartment building located at 5415 N Magnolia Ave in Chicago was recently sold for $1,200,000. The multifamily property was transacted on 06/24/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Market: Chicago
The buyer's representative for the transaction was India Tougne from tProperties, while the seller's representatives were Mary Summerville and Sara Olson from Dream Town Realty.
This sale represents a successful real estate transaction in the Chicago market. The property, located at 5415 N Magnolia Ave, offers an attractive multifamily investment opportunity. The details of the transaction, including the sale price of $1,200,000, were facilitated by the buyer's representative, India Tougne from tProperties, and the seller's representatives, Mary Summerville and Sara Olson from Dream Town Realty.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93