Updated Dec 21, 2023
Syed Hashmi Acquires Multifamily Property In Chicago's Belden Ave For $1.775M
750 West Belden Avenue, Chicago, Illinois 60614, United States
$1,775,000
Units
3
Asset Type
MultiFamily
Closing
Apr 4, 2022
About this deal
AI
The multifamily property located at 750 W Belden Ave in Chicago has been recently sold for a total of $1,775,000. The transaction took place on April 5, 2022. This property consists of 3 units, resulting in a price per unit of $591,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Units: 3
- Price Per Unit: $591,667
The buyer of this property was represented by Syed Hashmi from Guidance Realty, while Kathleen McCauley & Mary McCauley Properties | Christie's International Real Estate acted as the seller's representatives. No additional information regarding the property or the transaction is available.
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93