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873 North Paulina Street, C...

Timothy Sheahan & Leslie Glazier Sell 4-Unit Multifamily Property For $1.15M In Chicago
SOLDMultiFamily

Timothy Sheahan & Leslie Glazier Sell 4-Unit Multifamily Property For $1.15M In Chicago

873 North Paulina Street, Chicago, IL 60622

$1,150,000

$377/SF

Building Size

3,049 SF

Asset Type

MultiFamily

Closing

Oct 1, 2021

AI

A multifamily property located at 873 N Paulina St in Chicago has been sold for $1,150,000. This property consists of 4 units, resulting in a price per unit of $287,500. The lot size is 3,049 square feet, with a price per square foot of $377.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Date: 10/01/2021
  • Address: 873 N Paulina St, Chicago
  • Market: Chicago
  • Buyer's Representative: Leslie Glazier Properties
  • Seller's Representative: Timothy Sheahan - Compass
  • Units: 4
  • Price per Unit: $287,500
  • Lot Size: 3,049 square feet
  • Price per Square Foot: $377

Leslie Glazier Properties represented the buyer in this transaction, while Timothy Sheahan from Compass represented the seller. The deal was closed on 10/01/2021.

Players

Timothy Sheahan

Compass

Broker

$38.8M

vol

10 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93