Updated Dec 4, 2024
Jimmy Li Of Chi Real Estate Group Represents Buyer In $2.1M Multifamily Sale In Chicago
715 West 34th Street
$2,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 23, 2024
About this deal
AI
715 West 34th Street, located in Chicago, is a multifamily property that has been sold for $2.1 million. The asset is situated in a prominent market and serves as a residential building accommodating multiple families.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 715 West 34th Street
- Market: Chicago
- Buyer's Representative: Jimmy Li - Chi Real Estate Group
- Seller's Representative: Erin McLaughlin - Berkshire Hathaway HomeServices Chicago
The transaction was facilitated by Jimmy Li from Chi Real Estate Group, representing the buyer, while Erin McLaughlin from Berkshire Hathaway HomeServices Chicago acted on behalf of the seller. This deal showcases the collaboration between knowledgeable representatives in the real estate market.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93