Ila Coretti Facilitates $2.15M Multifamily Sale In Chicago With Srinivasa Sirigiri Of Provident Realty
641 West Fullerton Parkway
$2,145,485
Building Size
—
Asset Type
MultiFamily
Closing
Apr 18, 2024
AI
A multifamily property located at 641 West Fullerton Parkway in Chicago has been successfully sold for $2,145,485. Each of the 4 units within the property was priced at approximately $536,371, showcasing a lucrative investment opportunity in the Chicago market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,145,485
- Address: 641 West Fullerton Parkway
- Market: Chicago
Srinivasa Sirigiri, a representative from Provident Realty, played a pivotal role as the buyer's representative in this transaction, while Ila Coretti, from @properties Christie's International Real Estate, represented the seller. Their expertise and negotiation skills were instrumental in closing this successful deal.
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
7.39%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93