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
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