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1225 West Montana Street

Four-Unit Multifamily Property In Chicago Sold For $2.2M With Redfin Buyer And @properties Christie's Seller
SOLDMultiFamily

Four-Unit Multifamily Property In Chicago Sold For $2.2M With Redfin Buyer And @properties Christie's Seller

1225 West Montana Street

$2,200,000

Building Size

Asset Type

MultiFamily

Closing

Oct 16, 2023

AI

A four-unit multifamily property in Chicago at 1225 West Montana Street was sold for $2.2 million. The property consists of four units, with a unit price of $550,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 1225 West Montana Street
  • Market: Chicago
  • Buyer's Representative: Marzena Frausto - Redfin
  • Seller's Representative: Pasquale Recchia - @properties Christie's International Real Estate
  • Units: 4
  • Price per Unit: $550,000

The buyer, represented by Marzena Frausto of Redfin, and the seller, represented by Pasquale Recchia of @properties Christie's International Real Estate, were involved in the transaction.

Players

Marzena Frausto

Redfin

Broker

$3.2M

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93