Updated Oct 29, 2024
Shkelzen Kelly Muja Acquires 8-Unit MultiFamily In Chicago For $1.65M
7724 N Eastlake Ter, Chicago, IL 60626
$1,650,000
$220/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
May 1, 2023
About this deal
AI
The multi-family property located at 7724 N. Eastlake in Chicago has been sold in a recent transaction. The property consists of 8 units and spans 7,500 square feet. The sale price for the property was $1,650,000, resulting in a price per unit of $206,250 and a price per square foot of $220.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,650,000
- Units: 8
- Price per Unit: $206,250
- Square Footage: 7,500
- Price per Square Foot: $220
- Address: 7724 N. Eastlake, Chicago
- Market: Chicago
The buyer in this transaction was Shkelzen Kelly Muja, Managing Broker of Becovic Realty Group Inc. representing himself. On the other hand, Dream Town Realty served as the seller's representative.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93