facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

618 South Racine Avenue

Updated Dec 4, 2024

High Fidelity Realty Acquires Multifamily Property In Chicago For $1.05M
SOLDMultiFamily

High Fidelity Realty Acquires Multifamily Property In Chicago For $1.05M

618 South Racine Avenue

$1,050,000

Building Size

Asset Type

MultiFamily

Closing

Jan 31, 2024

About this deal

AI

A multifamily property located at 618 South Racine Avenue in Chicago has been sold for $1,050,000. The property is situated in a prominent area and offers attractive features for potential investors.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 618 South Racine Avenue, Chicago

High Fidelity Realty, represented by Brett Murphy, acted as the buyer's representative in the sale of this property. On the other hand, Michael Galvan from Baird & Warner represented the seller. Both parties played a crucial role in facilitating the transaction.

This successful deal highlights the expertise and proficiency of both Brett Murphy of High Fidelity Realty and Michael Galvan of Baird & Warner. Their strong negotiation skills and in-depth knowledge of the market contributed to the smooth completion of the transaction at 618 South Racine Avenue in Chicago.

Players

Michael Galvan

Baird & Warner

Broker

$3.6M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

Visit Michael Galvan to view all their deals.

Browse Chicago multifamily sales on Traded.

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

More Deals

Nearby Markets