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815 W Belle Plaine Ave, Bue...

Cory Leman Acquires Multifamily Property In Buena Park, Chicago
SOLDMultiFamily

Cory Leman Acquires Multifamily Property In Buena Park, Chicago

815 W Belle Plaine Ave, Buena Park, Chicago, IL, USA

$1,565,000

$204/SF

Building Size

7,655 SF

Asset Type

MultiFamily

Closing

Nov 2, 2021

AI

A multifamily property located at 815 W Belle Plaine in Buena Park, Chicago has been sold for a price of $1,565,000. The property consists of 11 units with a price per unit of $142,273. The total square footage is 7,655, resulting in a price per square foot of $204. The sale took place on 11/02/2021 and the property was previously listed for an asking price of $1,600,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,565,000
  • Address: 815 W Belle Plaine, Buena Park, Chicago
  • Units: 11
  • Price per Unit: $142,273
  • Total Square Footage: 7,655
  • Price per Square Foot: $204
  • Date of Sale: 11/02/2021
  • Asking Price: $1,600,000

The buyer of the property is Cory Leman, while the seller is Curtis Levy. Representing the buyer is Michael Scanlon & Jake Fugman from eXp Realty. Duke Wang from Marcus & Millichap served as the seller's representative in the transaction.

Players

Michael Scanlon

EXP Realty

Broker

$17.5M

vol

14 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

10.14%

Cash-on-Cash

-2.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93