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1213 West Newport Avenue

Chicago Greystone Home In Southport Corridor Sold For $1.66M
SOLDMultiFamily

Chicago Greystone Home In Southport Corridor Sold For $1.66M

1213 West Newport Avenue

$1,660,000

$297/SF

Building Size

5,580 SF

Asset Type

MultiFamily

Closing

Aug 14, 2023

AI

A fully renovated Chicago Greystone home in the Southport Corridor with high-end features and a garden rental unit has been sold for $1.66 million. The property, located at 1213 West Newport Avenue, offers a versatile living space with five bedrooms, three full bathrooms, a half bathroom, and a garden unit with three bedrooms and two bathrooms. The total square footage of the property is 5,580, with a price per square foot of $297. The lot size is 3,485 square feet, with a price per lot square foot of $476.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,660,000
  • Address: 1213 West Newport Avenue
  • Market: Chicago

The buyer's representative in this transaction was Jennifer Long Properties, while the seller's representative was Jackie Crump Earley from Worth Clark Realty.

Players

Jennifer Long

At Properties Commercial

Broker

$1.7M

vol

1 deal

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

9.56%

Cash-on-Cash

-2.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93