Updated Dec 21, 2023
Interra Realty Represents Buyer And Seller In $2.34M Multifamily Sale In Chicago's Humboldt Park
1042 North Kedzie Avenue, Chicago, Illinois 60651, United States
$2,335,000
Units
14
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
A multifamily property in Humboldt Park, Chicago has been sold for $2,335,000. The property, located at 1042 N. Kedzie Avenue & 1456 N. Kedzie Avenue, consists of 14 units. The sale price equates to approximately $166,786 per unit.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,335,000
- Address: 1042 N. Kedzie Avenue & 1456 N. Kedzie Avenue
- Market: Humboldt Park, Chicago
The seller's representative in this transaction was Harrison Pinkus from Interra Realty. The buyer's representative was Mark Dykstra, also from Interra Realty.
On the Map
$2,335,000
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93