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1035 West Byron Street

Alec Greenberg & Acquire Multifamily In Chicago For $2.42M
SOLDMultiFamily

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

Bill Cassin

Broker

$41.9M

vol

7 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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