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1127 West George Street, Ch...

Jameson Sotheby's International Realty Represents Buyer In $1.16M Multifamily Sale On W George St, Chicago
SOLDMultiFamily

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

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.

Players

Michael Battista

Sotheby's International Realty

Broker

$8.7M

vol

4 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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93