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1242 West Argyle Street

Paul De Legge & Geraldine Ward Facilitate $2.52M Sale Of Chicago Multifamily Property
SOLDMultiFamily

Paul De Legge & Geraldine Ward Facilitate $2.52M Sale Of Chicago Multifamily Property

1242 West Argyle Street

$2,525,000

Building Size

Asset Type

MultiFamily

Closing

May 16, 2024

AI

A fully stabilized six-unit multifamily building at 1242 West Argyle Street in Chicago was recently sold for $2.525 million. The property boasts high-end finishes, private outdoor spaces, and leases in place until spring/summer 2025. It includes a mix of two, three, and four-bedroom units, along with five exterior parking spots.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,525,000
  • Units: 6
  • Price Per Unit: $420,833
  • Address: 1242 West Argyle Street
  • Market: Chicago

The buyer's representative in this transaction was Paul De Legge from CL3 Property Management, while the seller's representative was Geraldine Ward from Joyce & Kerrigan Real Estate.

Players

Paul De Legge

CL3 Property Management

Broker

$4.7M

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

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93