NHP Foundation Acquires Multifamily Property In Chicago, IL For $18.3M
737 East 69th Street, Chicago, Illinois 60637, United States
$18,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 4, 2022
AI
The multifamily property located at 737 E. 69th St. in Chicago, IL has undergone a closed transaction. The property comprises 57 units, making it an attractive investment in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,300,000
- Address: 737 E. 69th St., Chicago, IL
- Market: Chicago, IL
- Units: 57
The landlord for this property is the NHP Foundation represented by Dick Burns and Mecky Adnani. They have successfully closed the deal. The loan amount for this transaction was $18,300,000.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93