Dream Town Realty Acquires Multifamily Property In Chicago For $1.03M
815 North Fairfield Avenue, Chicago, Illinois 60622, United States
$1,030,000
$327/SF
Building Size
3,150 SF
Asset Type
MultiFamily
Closing
Feb 6, 2022
AI
815 N Fairfield Ave, located in Chicago, has been sold in a closed transaction. The multifamily property was sold for a price of $1,030,000. The lot size of the property is approximately 3,150 square feet, resulting in a price-per-square-foot (PPLSF) of $327. The sale took place on February 7th, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 815 N Fairfield Ave
- Market: Chicago
- Lot Size: 3,150 square feet
- Price-per-square-foot (PPLSF): $327
Mitir A Patel, representing Dream Town Realty, acted as the buyer's representative in this transaction. The seller's representative was Rich Anselmo Properties.
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93