Updated Dec 21, 2023
Redfin Acquires Multifamily Property In Chicago For $1.12M
1216 West Newport Avenue, Chicago, Illinois 60657, United States
$1,120,000
$252/SF
Building Size
4,433 SF
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
Located at 1216 W Newport Ave in Chicago, this multifamily property was recently sold. The transaction took place on February 4, 2022, and the sale was facilitated by Danielle Inendino of Redfin Corporation, who represented the buyer. On the other side, Loreal Urso of d'aprile properties acted as the seller's representative.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,120,000
- Square Footage: 4,433
- Price per Square Foot: $253
- Lot Square Footage: 4,142
- Price per Lot Square Foot: $270
The transaction's key individuals include Danielle Inendino, representing the buyer, and Loreal Urso, representing the seller. The buyer's representative is from Redfin Corporation, while the seller's representative is from d'aprile properties.
On the Map
$1,120,000
$252/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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93