Updated Dec 21, 2023
Baird & Warner Acquires Multifamily Property In Chicago, IL For $862,500
6307 N Talman Ave, Chicago, IL 60659, USA
$862,500
$220/SF
Building Size
3,920 SF
Asset Type
MultiFamily
Closing
Nov 18, 2022
About this deal
AI
The multifamily property located at 6307 N Talman Avenue in Chicago, IL has been sold. The property consists of 4 units with a total square footage of 3,920. The sale price for this transaction was $862,500, resulting in a price per unit of $215,625 and a price per square foot of $220.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $862,500
- Units: 4
- Price per Unit: $215,625
- Square Footage: 3,920
- Price per Square Foot: $220
The buyer's representative in this transaction was Brant Sichko from Baird & Warner, while Curtis Dyer from Blue Door Dave Inc represented the seller. These individuals played a key role in facilitating the deal and ensuring a successful transaction.
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
18.39%
Cash-on-Cash
-5.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93