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2440 West Ardmore Avenue

Updated Jul 23, 2026

Sal Chand Purchases Multifamily Asset At 2440 West Ardmore Avenue In Chicago For $925,786
SOLDMultiFamily

Sal Chand Purchases Multifamily Asset At 2440 West Ardmore Avenue In Chicago For $925,786

2440 West Ardmore Avenue

$925,786

Units

6

Asset Type

MultiFamily

Closing

Jul 15, 2026

About this deal

AI

The property involved in this transaction is a multifamily asset located at 2440 West Ardmore Avenue in Chicago, comprising a total of 6 units. The sale was concluded at a price of $925,786, resulting in a price per unit of $154,297.

Summary of transaction details:

This transaction involved key individuals such as Shiraz Syed representing the buyer, Sal Chand, while Andrew Pearson served as the buyer's attorney, providing legal support for the transaction. The seller, Don Snow, facilitated the sale of the property, marking a significant step in his investment portfolio.

Players

Shiraz Syed

Seed Realty LLC

Broker

$775K

vol

1 deal

Broker

Sal Chand

Buyer

$925.8K

vol

1 deal

Buyer

Don Snow

Seller

$925.8K

vol

1 deal

Seller

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $154.3K per unit across 6 units on a published $925.8K (2026).

Visit Seed Realty LLC to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.13%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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