Updated Dec 4, 2024
Multifamily Property Sold For $1.51M In Chicago With Brokers Brett Huelat & Romeu Campos
932 West Cullom Avenue
$1,510,000
$289/SF
Building Size
5,217 SF
Asset Type
MultiFamily
Closing
Aug 2, 2024
About this deal
AI
A 6-unit multifamily property located at 932 West Cullom Avenue in Chicago has sold for $1.51 million. The building has a total square footage of 5,217 and was sold at a price per unit of $251,667 and a price per square foot of $289. The property is situated in the Buena Park neighborhood and features updated units that generate high rental income.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,510,000
- Units: 6
- Square Feet: 5,217
- Price Per Unit: $251,667
- Price Per Square Foot: $289
- Address: 932 West Cullom Avenue
- Market: Chicago
- Brokers: Brett Huelat & Romeu Campos - CL3 Property Management
Brett Huelat and Romeu Campos from CL3 Property Management acted as the brokers representing the transaction, facilitating the sale of the multifamily property in the competitive Chicago market.
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
10.51%
Cash-on-Cash
-3.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93