Updated Oct 25, 2024
East Superior Real Estate Partners Acquires Multifamily Property In Chicago For $2.61M
5724 N Mozart St Chicago, IL 60659, USA
$2,610,000
$139/SF
Building Size
18,720 SF
Asset Type
MultiFamily
Closing
Jun 7, 2023
About this deal
AI
A multifamily property located at 5724 North Mozart Street in Chicago has been sold for $2,610,000. The property consists of 13 units with an average price per unit of $200,769. It spans across 18,720 square feet, resulting in a price per square foot of $139.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Address: 5724 North Mozart Street, Chicago
- Market: Chicago
The buyer, East Superior Real Estate Partners, represented by Bruce Klink, Joe Root, and Mike Root of Root Realty, acquired the property from the seller, Irene Kozil.
With this transaction, East Superior Real Estate Partners adds another multifamily property to their portfolio. Bruce Klink, Joe Root, and Mike Root of Root Realty successfully represented the buyer in this deal.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93