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1023 N Dearborn St, Chicago...

Apolis Realty, Inc. Represents Buyer In $2.16M Multifamily Sale On N Dearborn St, Chicago
SOLDMultiFamily

Apolis Realty, Inc. Represents Buyer In $2.16M Multifamily Sale On N Dearborn St, Chicago

1023 N Dearborn St, Chicago, IL, USA

$2,156,395

$575/SF

Building Size

3,750 SF

Asset Type

MultiFamily

Closing

Feb 16, 2021

AI

The multifamily property located at 1023 N Dearborn St in Chicago has been sold for a price of $2,156,395 on 02/17/2021. The property consists of 12 units, resulting in a price per unit (PPU) of $179,700. The transaction was facilitated by Constantine Grapsas from Apolis Realty, Inc., representing the buyer, and Andrew Perkins from Jameson Sotheby's Intl Realty, representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,156,395
  • Address: 1023 N Dearborn St, Chicago
  • Market: Chicago
  • Units: 12
  • PPU: $179,700

Constantine Grapsas, a representative of Apolis Realty, Inc., assisted the buyer in this transaction. Andrew Perkins, from Jameson Sotheby's Intl Realty, represented the seller. They played key roles in ensuring the successful completion of the deal.

Players

Andrew Perkins

Sotheby's International Realty

Broker

$11.2M

vol

2 deals

Broker

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

7.36%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93