Updated Dec 20, 2023
Dream Town Realty Acquires Multifamily Property In Chicago For $1.4M
5535 West Edmunds Street, Chicago, IL 60630
$1,378,000
$137/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Mar 25, 2021
About this deal
AI
The multifamily property located at 5535 W Edmunds St in Chicago was recently sold on March 26, 2021. The transaction was facilitated by buyer's representative Jacek Piktel from Dream Town Realty and seller's representative Christopher Demas from Leading Edge Realty Advisors. The property spans approximately 10,000 square feet and consists of 9 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,378,000
- Price per Square Foot: $138
- Units: 9
- Price per Unit: $153,111
This transaction took place in the Chicago market. The property was sold for a total of $1,378,000, with a price per square foot of $138. The buyer, represented by Jacek Piktel from Dream Town Realty, and the seller, represented by Christopher Demas from Leading Edge Realty Advisors, successfully concluded the deal. This sale presents a significant investment opportunity in the multifamily sector in Chicago.
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
11.51%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93