Downtown Realty Company Acquires Multifamily Property On N Wood St In Chicago For $1.5M
1040 North Wood Street, Chicago, IL, USA
$1,499,000
$1,249/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
AI
The multifamily property located at 1040 N Wood St in Chicago has been sold for $1,499,000. The property consists of 4 units, resulting in a per unit price of $374,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,499,000
- Address: 1040 N Wood St, Chicago
- Market: Chicago
The buyer's representative in this deal was Quentin Green III from Downtown Realty Company. On the other hand, Konrad Dabrowski and Will Goldberg from Fulton Grace Realty represented the seller.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93