Updated Dec 21, 2023
Jameson Sotheby's International Realty Represents Buyer In $1.16M Multifamily Sale On W George St, Chicago
1127 West George Street, Chicago, IL 60657
$1,160,000
$322/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Jan 3, 2022
About this deal
AI
The multifamily property located at 1127 W George St in Chicago has been sold for a total price of $1,160,000. The property consists of 2 units, with each unit being sold at an average price of $580,000. The total square footage of the property is 3,600, resulting in a price per square foot of $322. The lot size is 3,049 square feet, and the price per lot square foot is $380.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,160,000
- Units: 2
- Price per Unit: $580,000
- Square Footage: 3,600
- Price per Square Foot: $322
- Lot Size: 3,049 square feet
- Price per Lot Square Foot: $380
The buyer's representative in this transaction is Michael Battista from Jameson Sotheby's International Realty, while Christopher Pezza from The Apartment Source acted as the seller's representative.
On the Map
$1,160,000
$322/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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93