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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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