Updated Dec 4, 2024
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
About this deal
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.
On the Map
$6,675,000
$271/SF
MultiFamily
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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