SOLDMultiFamily
Chicago Multifamily Asset Sold For $1.5M With Buyer's Rep Michael Scanlon & Seller's Rep Thomas Moran
1119 West Addison Street
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 22, 2023
AI
The property at 1119 West Addison Street in Chicago was recently sold. This multifamily asset was purchased for a price of $1,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 1119 West Addison Street, Chicago
- Market: Chicago
Michael Scanlon from eXp Realty acted as the buyer's representative in this transaction, while Thomas Moran from @properties Christie's International Real Estate represented the seller.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93