Compass Brokers Facilitate $1.11M Sale Of Multifamily Property On W Altgeld St, Chicago
1248 West Altgeld Street, Chicago, Illinois 60614, United States
$1,110,000
$364/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
The multifamily property located at 1248 W Altgeld St in Chicago has been sold for a total price of $1,110,000. The property sits on a lot size of 3,049 square feet, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Lot Size: 3,049 square feet
- Price per Square Foot: $364
The sale was facilitated by Compass, with Jeffrey Lowe and Arno Gerbrecht representing the buyer. On the seller's side, Janet Borden and Stephanie Weisman, also from Compass, acted as the seller's representatives. These individuals and their agencies played key roles in bringing the transaction to completion.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93