Multifamily Property At 2934 North Milwaukee Avenue Sold For $6.675M In Chicago
2934 North Milwaukee Avenue
$6,675,000
$271/SF
Building Size
24,600 SF
Asset Type
MultiFamily
Closing
Oct 30, 2024
AI
This multifamily asset, located at 2934 North Milwaukee Avenue in Chicago, has a total sale price of $6,675,000. The property consists of 18 units and spans a square footage of 24,600, resulting in a price per unit of $370,833 and a price per square foot of $271.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,675,000
- Number of Units: 18
- Square Footage: 24,600
- Price Per Unit: $370,833
- Price Per Square Foot: $271
- Market: Chicago
The brokers representing this transaction are Jordan Gottlieb and Matt Feo from Essex Realty Group, highlighting their role in facilitating this multifamily property sale.
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
2.38%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93