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
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