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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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