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
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