Updated Dec 21, 2023
North Clybourn Group Represents Sale Of Multifamily Property On N Milwaukee Ave, Chicago For $6.025M
880 North Milwaukee Avenue, Chicago, IL 60642
$6,025,000
$1,028/SF
Building Size
5,856 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 880 N Milwaukee Ave in Chicago has been sold in a closed transaction. The sale was facilitated by Karen Biazar of North Clybourn Group. The property encompasses a total lot size of 5,856 square feet.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,025,000
- Lot Size: 5,856 square feet
- Price Per Square Foot: $1,029
- Date: 12/15/2021
- Address: 880 N Milwaukee Ave, Chicago
- Market: Chicago
This transaction highlights the successful collaboration between the buyer, seller, and the broker representative Karen Biazar from North Clybourn Group. The sale price of $6,025,000 reflects the value placed on this multifamily property within the Chicago market.
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
2.63%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93