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Dream Town Realty Closes $1.6M Multifamily Sale In Lakeview East, Chicago

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SOLD
$1,635,000

Illinois

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MultiFamily7,000 SF
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Property Image
SOLD

Dream Town Realty Closes $1.6M Multifamily Sale In Lakeview East, Chicago

650 West Barry Avenue, Chicago, Illinois 60657, United States

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MultiFamily7,000 SF
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:7000 SF
Transaction Type:Sale

Located in the Lakeview East neighborhood of Chicago, the property at 650 W Barry Ave recently changed hands in a multifamily sale transaction. The sale, which took place on March 18, 2022, involved a total of 3 units spread across 7,000 square feet. The asset type of the property is multifamily, making it an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,635,000
  • Address: 650 W Barry Ave
  • Market: Lakeview East, Chicago
  • Asking Price: $1,650,000
  • Units: 3
  • Price per Unit (PPU): $545,000
  • Square Footage (SF): 7,000
  • Price per Square Foot (PPSF): $234

The sale was facilitated by Quentin Green and Steve Genyk from Dream Town Realty. As professional brokers representing the parties involved in the transaction, Quentin Green and Steve Genyk played a key role in ensuring a successful deal for all parties. Their expertise and knowledge of the Lakeview East market contributed to the seamless execution of the sale.

Players

Quentin Green
6 deals$8.5M volume
BROKER

Steve Genyk
Dream Town Realty
4 deals$5.8M volume
BROKER

Details

SOLD
IMAGE: Quentin Green DATE: 03/18/2022 ADDRESS: 650 W Barry Ave MARKET: Lakeview East, Chicago ASSET TYPE: Multifamily BROKERS: Quentin Green (@QuentinGreen_RE) & Steve Genyk (@SteveGenykGroup) - Dream Town Realty ASKING PRICE: $1,650,000 SALE PRICE: $1,635,000 UNITS: 3 ~ PPU: $545,000 SF: 7,000 ~ PPSF: $234

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,808.82
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