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
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