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
Building Size
—
Asset Type
MultiFamily
Closing
Aug 21, 2022
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.
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
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93