Alec Greenberg & Acquire Multifamily In Chicago For $2.42M
1035 West Byron Street
$2,420,000
$161/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
May 20, 2024
AI
The multifamily property located at 1035 West Byron Street in Chicago was sold for $2,420,000. The property spans 15,000 square feet and consists of 15 units, amounting to a price per unit of $161,333 and a price per square foot of $161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,420,000
- Units: 15
- Price Per Unit: $161,333
- Square Footage: 15,000
- Address: 1035 West Byron Street
- Market: Chicago
- Buyer: Alec Greenberg & - Base 3
- Broker: Bill Cassin
Alec Greenberg and from Base 3 were the buyers of the property, with the transaction facilitated by broker Bill Cassin. This transaction signifies a significant investment in the Chicago real estate market, showcasing the active involvement of these key individuals and entities in property acquisitions.
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
6.55%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93