Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 1252 N Artesian Ave, Chicago, IL, USA in Chicago, Illinois sold for $1.2M in 2021. Reported inventory is 4,818 square feet across 6 units, or about 250 per square foot. Michael Kaplan, Steve McEwen, At Properties Commercial appear on the sale alongside At Properties Commercial. This page is the Chicago, Illinois file for the 1252 N Artesian Ave, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1252 N Artesian Ave, Chicago, IL, USA around 2021. Published consideration for 1252 N Artesian Ave, Chicago, IL, USA is $1.2M, dated 2021. Cite this Michael Kaplan & Steve McEwen Properties Sell 6-Unit Multifamily Building In Chicago For $1.2M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
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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