Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 1015 West Webster Avenue, Chicago, IL 60614 in Chicago, Illinois sold for $2.5M in 2020. The building is 4,723 square feet, implying about 529 per square foot on the published price. Michael Horwitz, Shane Rachman, Al Zoubi, Zoubi Realty appear on the sale alongside Zoubi Realty. This page is the Chicago, Illinois file for the 1015 West Webster Avenue, Chicago, IL 60614 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1015 West Webster Avenue, Chicago, IL 60614 around 2020. Published consideration for 1015 West Webster Avenue, Chicago, IL 60614 is $2.5M, dated 2020. Cite this Zoubi Realty Acquires Multifamily Property In Chicago For $2.5M sale when underwriting similar multifamily product around Chicago, Illinois.
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