SOLDPackage Deal
Michael Azarian Acquires Package Deal At 2047 N Clifton Ave Chicago For $4,002,500
2047 N Clifton Ave
$4,002,500
Building Size
—
Asset Type
Package Deal
Closing
Jan 14, 2025
AI
A package deal located at 2047 N Clifton Ave in the Chicago, IL market was sold for a transaction amount of $4,002,500.00.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $4,002,500.00
- Sale Date: 01/14/2025
- Buyer: Michael Azarian
- Broker: Sam Jenkins - Sotheby's International Realty
This transaction involved Michael Azarian as the buyer, with Sam Jenkins from Sotheby's International Realty representing him throughout the negotiation process.
Players
Chicago Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.96%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93