SOLDMultiFamily
Zoubi Realty Acquires Multifamily Property In Chicago For $2.5M
1015 West Webster Avenue, Chicago, IL 60614
$2,500,000
$529/SF
Building Size
4,723 SF
Asset Type
MultiFamily
Closing
May 21, 2020
AI
A multifamily property located at 1015 W Webster Ave in Chicago was recently sold for $2,500,000. The transaction took place on 05/21/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
The buyer, represented by Al Zoubi from Zoubi Realty LTD, and the seller, represented by Michael Horwitz and Shane Rachman from Peak Realty Chicago, were involved in the deal.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93