Updated Dec 20, 2023
Chicagoland Property Network Acquires Multifamily Property On W Columbia Ave For $1.375M
1057 W Columbia Ave, Chicago, Illinois 60626, United States
$1,375,000
$200/SF
Building Size
6,850 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
The multifamily property located at 1057-59 W Columbia Ave in Chicago has been sold for $1,375,000. The property consists of 6 units, with each unit valued at approximately $229,167. The total lot size is 6,850 square feet, resulting in a price per square foot of $201.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 6
- Price Per Unit: $229,167
- Lot Size: 6,850 square feet
- Price Per Square Foot: $201
The buyer's representative in this transaction was Diane Mikutis from Chicagoland Property Network, while the seller's representative was Connie Abels from RE/MAX Premier.
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93