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
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.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93