Updated Dec 20, 2023
Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M
1341 West Foster Avenue, Chicago, IL 60640, USA
$1,300,000
$287/SF
Building Size
4,525 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
About this deal
AI
A multifamily property located at 1341 W Foster Ave in Chicago has been sold for a total price of $1,300,000. The property consists of 4 units, with a per unit price of $325,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 4
- Price per Unit: $325,000
Rizwan Gilani from Dream Town Realty represented the buyer in this transaction, while Eric Ofman from Kiser Group Realty Inc represented the seller.
The multifamily sale at 1341 West Foster Avenue, Chicago, IL 60640, USA in Chicago, Illinois sold for $1.3M in 2021. Reported inventory is 4,525 square feet across 4 units, or about 287 per square foot. Rizwan Gilani, Rick Ofman, Essex Realty Group, Dream Town Realty appear on the sale alongside Essex Realty Group, Dream Town Realty. This page is the Chicago, Illinois file for the 1341 West Foster Avenue, Chicago, IL 60640, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1341 West Foster Avenue, Chicago, IL 60640, USA around 2021. Published consideration for 1341 West Foster Avenue, Chicago, IL 60640, USA is $1.3M, dated 2021. Cite this Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93