facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1248 West Altgeld Street, C...

Compass Brokers Facilitate $1.11M Sale Of Multifamily Property On W Altgeld St, Chicago
SOLDMultiFamily

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

Jeffrey Lowe

Compass

Broker

$95.8M

vol

30 deals

Broker

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