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1326 West Barry Avenue, Chi...

Root Realty Brokers Acquire Lakeview Multifamily Property For $2.06M
SOLDMultiFamily

Root Realty Brokers Acquire Lakeview Multifamily Property For $2.06M

1326 West Barry Avenue, Chicago, IL, USA

$2,060,000

$225/SF

Building Size

9,142 SF

Asset Type

MultiFamily

Closing

Oct 18, 2021

AI

A multifamily property located at 1326-1328 W. Barry in Lakeview has been sold for $2,060,000. The property consists of 9 units with a total square footage of 9,142. The sale price per unit amounts to $228,889, and the price per square foot is $255.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,060,000
  • Units: 9
  • Price Per Unit: $228,889
  • Square Footage: 9,142
  • Price Per Square Foot: $255
  • Market: Lakeview

The sale was facilitated by Kevin Itima, Joseph Root, and Michael Root of Root Realty.

Players

Joseph Root

Root Realty

Broker

$15.9M

vol

9 deals

Broker

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

7.70%

Cash-on-Cash

-2.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93