Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,635,000
$233/SF
MultiFamily
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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