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845 West Leland Avenue, Chi...

American International Realty Acquires Multifamily Property In Chicago For $850,000
SOLDMultiFamily

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

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).

Players

Nathan Gautsche

CRER (Chicago Real Estate Resources)

Broker

$44.6M

vol

15 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

18.66%

Cash-on-Cash

-5.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93