Brian Moon Of Keller Williams ONEChicago Represents Buyer In Sale Of Chicago Multifamily For $1.16M
1326 West Melrose Street
$1,160,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 3, 2024
AI
The two-unit multifamily property located at 1326 West Melrose Street in Chicago has been sold for $1,160,000. The asset is situated in the Lakeview neighborhood, featuring spacious, light-filled units, formal living and dining areas, large eat-in kitchens, and private decks. Recent updates have been made to appliances and mechanicals in the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,160,000
- Units: 2
- Price Per Unit: $580,000
- Buyer’s Representative: Brian Moon - Keller Williams ONEChicago
- Seller’s Representative: Judith Panozzo - Real People Realty
- Market: Chicago
- Address: 1326 West Melrose Street
The transaction involved Brian Moon representing the buyer and Judith Panozzo representing the seller, ensuring a successful deal for both parties. Their respective agencies played a crucial role in facilitating the transfer of ownership of this multifamily property.
Players
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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93