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1315 West Loyola Avenue, Ch...

Interra Realty Brokers $5.16M Sale Of Multifamily Property In Rogers Park, Chicago
SOLD

Interra Realty Brokers $5.16M Sale Of Multifamily Property In Rogers Park, Chicago

1315 West Loyola Avenue, Chicago, Illinois 60626, United States

$5,157,500

Building Size

Asset Type

Closing

Feb 10, 2022

AI

A multifamily property located at 1315 W Loyola Ave in Rogers Park, Chicago, was recently sold for a price of $5,157,500. The property consists of 12 units, with an average price per unit of $429,792. It has a total area of 28,487 square feet, resulting in a price per square foot of $181.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,157,500
  • Units: 12
  • Price Per Unit: $429,792
  • Square Footage: 28,487
  • Price Per Square Foot: $181

The sale was facilitated by Craig Martin of Interra Realty. As the broker representing the transaction, Craig Martin played a key role in the successful completion of this deal.

Players

Craig Martin

Interra Realty

Broker

$222.9M

vol

24 deals

Broker

Chicago CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93