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650 West Barry Avenue, Chic...

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

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

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

$1,635,000

$233/SF

Building Size

7,000 SF

Asset Type

MultiFamily

Closing

Mar 17, 2022

AI

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

Downtown Realty Company

Broker

$8.5M

vol

6 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

9.70%

Cash-on-Cash

-2.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93