Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 1119 West Addison Street in Chicago, Illinois sold for $1.5M in 2023. 1119 West Addison Street is classified as Multifamily on Traded. Thomas (Tom) Moran, Michael Scanlon, At Properties Commercial, EXP Realty appear on the sale alongside At Properties Commercial, EXP Realty. This page is the Chicago, Illinois file for the 1119 West Addison Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1119 West Addison Street around 2023. Published consideration for 1119 West Addison Street is $1.5M, dated 2023. Cite this Chicago Multifamily Asset Sold For $1.5M With Buyer's Rep Michael Scanlon & Seller's Rep Thomas Moran sale when underwriting similar multifamily product around Chicago, Illinois.
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