Updated Dec 21, 2023
American International Realty Acquires Multifamily Property In Chicago For $850,000
845 West Leland Avenue, Chicago, Illinois 60640, United States
$850,000
$182/SF
Building Size
4,650 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
The multifamily property located at 845 W Leland Ave in Chicago was recently sold at a price of $850,000. The property consists of 3 units, with an approximate price per unit of $283,333. The total square footage of the property is 4,650, resulting in a price per square foot of $183.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $850,000
- Units: 3
- Price per Unit: $283,333
- Square Footage: 4,650
- Price per Square Foot: $183
The buyer in this transaction was represented by Mark Malave from American International Realty, while the seller was represented by Nate Gautsche from Chicago Real Estate Resources (CRER).
On the Map
$850,000
$182/SF
MultiFamily
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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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93