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
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