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1222 West Fletcher Street, ...

Anish Sheth Acquires Multifamily Property On 1222 W Fletcher St In Chicago For $1.1M
SOLDMultiFamily

Anish Sheth Acquires Multifamily Property On 1222 W Fletcher St In Chicago For $1.1M

1222 West Fletcher Street, Chicago, IL 60657, USA

$1,112,750

$356/SF

Building Size

3,125 SF

Asset Type

MultiFamily

Closing

Sep 23, 2021

AI

Anish Sheth of Charles Rutenberg Realty of IL represented the buyer, while Roman Serra and Julia Stoner of Fulton Grace Realty represented the seller in the sale of a multifamily property located at 1222 W Fletcher St in Chicago. The transaction took place on September 23, 2021, and the property was sold for $1,112,750. The property consists of 4 units, with an average price per unit of $278,188.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,112,750
  • Address: 1222 W Fletcher St
  • Market: Chicago
  • Buyer's Rep: Anish Sheth - Charles Rutenberg Realty of IL
  • Seller's Rep: Roman Serra & Julia Stoner - Fulton Grace Realty
  • Units: 4
  • PPU: $278,188

The buyer, represented by Anish Sheth of Charles Rutenberg Realty of IL, and the seller, represented by Roman Serra and Julia Stoner of Fulton Grace Realty, completed the transaction. The sale of this multifamily property at 1222 W Fletcher St highlights the active real estate market in Chicago. The property's favorable location and attractive price per unit likely contributed to its successful sale.

Players

Anish Sheth

Charles Rutenberg Realty

Broker

$5.4M

vol

3 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

14.26%

Cash-on-Cash

-4.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93