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5751 West Diversey Avenue, ...

Updated Nov 29, 2023

Jameson Sotheby's International Realty Sells Multifamily Property On Diversey Ave In Chicago For $1.05M
SOLDMultiFamily

Jameson Sotheby's International Realty Sells Multifamily Property On Diversey Ave In Chicago For $1.05M

5751 West Diversey Avenue, Chicago, IL, USA

$1,050,000

$146/SF

Building Size

7,146 SF

Asset Type

MultiFamily

Closing

Jan 4, 2021

About this deal

AI

Located in Chicago, the multifamily property at 5751 W. Diversey Avenue was recently sold for $1,050,000. The transaction took place on January 5, 2021, and was facilitated by broker Laura Stanek from Jameson Sotheby's International Realty. The property spans 7,146 square feet, resulting in a price per square foot of $147. It consists of 8 units, with a price per unit of $131,250.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 5751 W. Diversey Avenue
  • Market: Chicago
  • Broker: Laura Stanek - Jameson Sotheby's International Realty
  • Square Footage: 7,146
  • Price Per Square Foot: $147
  • Number of Units: 8
  • Price Per Unit: $131,250

Laura Stanek from Jameson Sotheby's International Realty played a crucial role as the broker in this transaction. Her expertise and negotiation skills contributed to the successful sale of the multifamily property at 5751 W. Diversey Avenue in Chicago.

Players

Laura Stanek

Sotheby's International Realty

Broker

$1.1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $146 per square foot on a published $1.1M for 7,146 square feet (2021).

Visit Sotheby's International Realty to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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