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615 West Dickens Avenue

Mark Allen Realty Acquires Chicago Multifamily For $1.35M
SOLDMultiFamily

Mark Allen Realty Acquires Chicago Multifamily For $1.35M

615 West Dickens Avenue

$1,350,000

Building Size

Asset Type

MultiFamily

Closing

Jan 26, 2024

AI

A multifamily property located at 615 West Dickens Avenue in Chicago has been sold for $1.35 million. The transaction took place on January 26, 2024.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 615 West Dickens Avenue
  • Market: Chicago

The buyer was represented by Spencer Hauptman from Mark Allen Realty, while the seller was represented by Leslie Glazier from @properties Christie's International Real Estate.

Note: 615 West Dickens Avenue in Chicago, a multifamily property, was sold for $1.35 million, with Spencer Hauptman of Mark Allen Realty representing the buyer and Leslie Glazier of @properties Christie's International Real Estate representing the seller.

Players

Leslie Glazier

Christie's International Real Estate

Broker

$2.5M

vol

2 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93