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8657 West Berwyn Avenue

Jay Chandran & Melissa Morgan Facilitate $1.025M Sale Of Chicago Multifamily Property
SOLDMultiFamily

Jay Chandran & Melissa Morgan Facilitate $1.025M Sale Of Chicago Multifamily Property

8657 West Berwyn Avenue

$1,025,000

Building Size

Asset Type

MultiFamily

Closing

May 22, 2024

AI

8657 West Berwyn Avenue is a corner six-flat property located in the O'Hare submarket of Chicago. The property was sold for $1,025,000, offering a great investment opportunity in a high-demand rental market. It features well-maintained units and amenities, including a detached two-car garage, surface parking spaces, on-site laundry machines, and ample tenant storage.

Summary of transaction details:

Representing the buyer in this transaction is Jay Chandran from Jay C. Realty Inc., a seasoned professional with a keen eye for lucrative real estate investments. On the seller's side, Melissa Morgan from FLATS facilitated the sale, bringing her expertise in property transactions and ensuring a smooth process for all parties involved.

Players

Melissa Morgan

FLATS

Broker

$5.1M

vol

4 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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93