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1119 West Addison Street

Chicago Multifamily Asset Sold For $1.5M With Buyer's Rep Michael Scanlon & Seller's Rep Thomas Moran
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

Michael Scanlon

EXP Realty

Broker

$17.5M

vol

14 deals

Broker

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