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815 North Fairfield Avenue,...

Dream Town Realty Acquires Multifamily Property In Chicago For $1.03M
SOLDMultiFamily

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

Richard Anselmo

At Properties Commercial

Broker

$5.4M

vol

5 deals

Broker

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