Richard Acquires Multifamily Property On W. Argyle Street In Chicago For $1.9M
SOLD
$1,900,000
Illinois
See Similar DealsMultiFamily7,995 SF
Sold 12/02/2020
SOLD
Richard Acquires Multifamily Property On W. Argyle Street In Chicago For $1.9M
1222 West Argyle Street, Chicago, IL, USA
See Similar DealsMultiFamily7,995 SF
Sold 12/02/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:7,995 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
Is there something missing? Send suggestions