Updated Dec 4, 2024
Multifamily Property At 709 South Ada Street In Chicago Sold For $2.2M With Buyer's Rep Paul De Legge & Seller's Rep Joshua Krueger
709 South Ada Street
$2,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 17, 2023
About this deal
AI
The multifamily property located at 709 South Ada Street in Chicago has been sold for a total price of $2,200,000. This property is characterized as a multifamily asset and was sold in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 709 South Ada Street, Chicago
- Market: Chicago
In this transaction, Paul De Legge from CL3 Property Management represented the buyer, and Joshua Krueger from Campbell Street Asset Management Inc represented the seller.
It is important to note that these details were obtained from the closed transaction and provide a comprehensive overview of this multifamily property sale.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93