Dwelle Properties Acquires Multifamily Property On West Madison Street In Chicago For $32.8M
1247 W Madison St, Chicago, IL 60607, Estados Unidos
$2,800,000
$2,604/SF
Building Size
1,075 SF
Asset Type
MultiFamily
Closing
Oct 22, 2020
AI
The multifamily property located at 1247-1249 West Madison Street in Chicago has been sold in a closed transaction. The property consists of 72 units and was sold for a total price of $32,800,000, resulting in a price per unit of $455,555.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $32,800,000
- Units: 72
- Price per Unit: $455,555
- Buyer: Drew Breneman & Sam Meyer – Dwelle Properties
Drew Breneman and Sam Meyer from Dwelle Properties represented the buyer in this transaction.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93