Jorge Torrescano Of Smart Home Realty Represents Buyer In Chicago Multifamily Sale For $762,500
2625 West Jarlath Street
$762,500
$182/SF
Building Size
4,185 SF
Asset Type
MultiFamily
Closing
Aug 19, 2025
AI
The asset involved in this transaction is a multifamily property located at 2625 West Jarlath Street in the Chicago market. The sale occurred for a total price of $762,500, encompassing 3 units. The property has a total square footage of 4,185, resulting in a price per unit of $254,166 and a price per square foot of $182.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $762,500
- Address: 2625 West Jarlath Street
- Market: Chicago
- Units: 3
- Square Footage: 4,185
- Price Per Unit: $254,166
- Price Per Square Foot: $182
- Buyer's Representative: Jorge Torrescano - Smart Home Realty
- Seller's Representatives: Michael Kaplan & Sasha Rozhko - REKAP Group - Compass
The successful sale was facilitated by Jorge Torrescano representing the buyer while the seller was represented by Michael Kaplan and Sasha Rozhko. The REKAP Group noted the significance of this well-maintained 3-flat as a strong choice for long-term growth and stability in the current 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
20.80%
Cash-on-Cash
-5.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93