SOLDMultiFamily
Michael Kaplan & Steve McEwen Properties Sell 6-Unit Multifamily Building In Chicago For $1.2M
1252 N Artesian Ave, Chicago, IL, USA
$1,205,000
$250/SF
Building Size
4,818 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
AI
The multifamily property located at 1252 N Artesian Ave in Chicago has been sold for $1,205,000. The property consists of 6 units, resulting in a per unit price of $200,833.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Units: 6
- Price Per Unit: $200,833
The sale of this property was facilitated by brokers Michael Kaplan and Steve McEwen of Steve McEwen & Michael Kaplan Properties.
Players
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93