James Clough & Cristian Gavriluti Of Real Realty Sell Multifamily Asset In Chicago For $1.175M
1327 North Lorel Avenue
$1,175,000
$117/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Sep 4, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1327 North Lorel Avenue in Chicago. The sale price of the asset was $1,175,000, encompassing a total of 16 units. The building has a total square footage of 10,000, resulting in a price per unit of $73,437 and a price per square foot of $117.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 1327 North Lorel Avenue
- Market: Chicago
- Units: 16
- Square Footage: 10,000
- Price Per Unit: $73,437
- Price Per Square Foot: $117
James Clough and Cristian Gavriluti represented the transaction under their agency, Real Realty, assisting in the closing of this multifamily property deal.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93