Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.065M
1336 West Melrose Street, Chicago, IL, USA
$1,065,000
$339/SF
Building Size
3,138 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
AI
The multifamily property located at 1336 W Melrose Street in Chicago was recently sold for $1,065,000. The transaction took place on January 29, 2021. The property consists of 3 units, with a price per unit (PPU) of $355,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Address: 1336 W Melrose Street, Chicago
- Market: Chicago
- Units: 3
- PPU: $355,000
The buyer was represented by Joan Kircher from Berkshire Hathaway HomeServices, whereas the seller was represented by Mark Kurgan from 33 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
14.89%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93