Updated May 12, 2025
Real Broker LLC Acquires Multifamily Property In Chicago For $1.6M
1115 W Newport Ave, Chicago, IL, USA
$1,625,000
$523/SF
Building Size
3,104 SF
Asset Type
MultiFamily
Closing
Apr 5, 2021
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1115 W Newport Ave in Chicago. The sale price was $1,625,000, with a total of 6 units, resulting in a price per unit of $270,833.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Units: 6
- Price Per Unit: $270,833
- Buyer's Representative: Samuel Hazan - Real Broker LLC
- Seller's Representative: Andrew Levin - Bass Management, Inc.
- Date of Transaction: 04/06/2021
This transaction involved two key representatives, with Samuel Hazan representing the buyer and Andrew Levin serving as the representative for the seller, highlighting the collaboration between Real Broker LLC and Bass Management, Inc. in executing this deal.
On the Map
$1,625,000
$523/SF
MultiFamily
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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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93