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1331 West Eddy Street

Matt Walton Of Current Properties Acquires Multifamily Property In Chicago For $1.1M
SOLDMultiFamily

Matt Walton Of Current Properties Acquires Multifamily Property In Chicago For $1.1M

1331 West Eddy Street

$1,100,000

Building Size

Asset Type

MultiFamily

Closing

Dec 11, 2023

AI

1331 West Eddy Street, a multifamily property located in Chicago, was sold for a total of $1.1 million. The transaction took place on 12/11/2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 1331 West Eddy Street
  • Market: Chicago

The buyer, represented by Matt Walton from Current Properties LLC, successfully acquired the property. On the other side, Susan Morrow from Baird & Warner acted as the seller's representative in the transaction.

This transaction highlights the collaboration between Matt Walton, who represented the buyer, and Susan Morrow, who represented the seller. Their expertise and negotiation skills played a crucial role in the completion of this sale.

Players

Matt Walton

Current Properties

Broker

$2.1M

vol

2 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93