Updated Dec 20, 2023
Compass Acquires Multifamily Property In Chicago For $1M
1237 West Newport Avenue, Chicago, Illinois 60657, United States
$1,000,000
$312/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
An multifamily property located at 1237 W Newport Ave in Chicago was recently sold for $1,000,000. The property has a total square footage of 3,200 and a price per square foot of $313. The lot size is 3,750 square feet with a price per lot square foot of $267.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 1237 W Newport Ave, Chicago
- Market: Chicago
The buyer's representative in this transaction was Michael Giliano from Compass, while the seller's representative was Kelly Baysinger Properties.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93