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932 West Cullom Avenue

Updated Dec 4, 2024

Multifamily Property Sold For $1.51M In Chicago With Brokers Brett Huelat & Romeu Campos
SOLDMultiFamily

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

Brett Huelat

CL3 Property Management

Broker

$1.5M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $289 per square foot on a published $1.5M for 5,217 square feet (2024).

Visit CL3 Property Management to view all their deals.

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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

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