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1222 West Argyle Street, Ch...

Richard Acquires Multifamily Property On W. Argyle Street In Chicago For $1.9M
SOLDMultiFamily

Richard Acquires Multifamily Property On W. Argyle Street In Chicago For $1.9M

1222 West Argyle Street, Chicago, IL, USA

$1,900,000

$237/SF

Building Size

7,995 SF

Asset Type

MultiFamily

Closing

Dec 1, 2020

AI

The multifamily property at 1222-1224 W. Argyle Street in Chicago has been sold for $1,900,000. The sale took place on 12/02/2020. The property spans 7,995 square feet and has a price per square foot of $238. It consists of 6 units, with an average price per unit of $316,666. The asking price for the property was $1,949,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 1222-1224 W. Argyle Street
  • Market: Chicago
  • Buyer: Richard
  • Seller: Peak
  • BROKER: Oren Pollack - Peak Realty Chicago

Oren Pollack, representing Peak Realty Chicago, facilitated the transaction between the buyer, Richard, and the seller, Peak. The property offers a total of 6 units and is located in the Chicago market. The sale price of $1,900,000 was achieved, with the property offering a total of 7,995 square feet of space. The average price per unit was $316,666, and the price per square foot stood at $238.

Players

Oren Pollack

Cross Street

Broker

$10.7M

vol

2 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93