Interra Realty Sells Multifamily Property In Lakeview For $28M
944 West Grace Street
$28,000,000
Units
80
Asset Type
—
Closing
Jun 3, 2022
About this deal
AI
An multifamily property located at 944-54 W Grace St in Lakeview, has been sold for a price of $28,000,000. The transaction took place on 06/03/2022. The property is situated in the Lakeview market area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Address: 944-54 W Grace St
- Market: Lakeview
The sale was facilitated by Joe Smazal from Interra Realty acting as the broker representing the parties involved in the deal.
The commercial sale at 944 West Grace Street in Chicago, Illinois sold for $28M in 2022. Reported inventory is 80 units across 80 units. Joe Smazal, Interra Realty appear on the sale alongside Interra Realty. This page is the Chicago, Illinois file for the 944 West Grace Street commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 944 West Grace Street around 2022. Published consideration for 944 West Grace Street is $28M, dated 2022. Cite this Interra Realty Sells Multifamily Property In Lakeview For $28M sale when underwriting similar commercial product around Chicago, Illinois.
Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93