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
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