Updated Dec 21, 2023
Essex Realty Facilitates $1.14M Sale Of Multifamily Property In West Town, Chicago
1342 West Ohio Street, Chicago, Illinois 60642, United States
$1,140,000
Units
6
Asset Type
MultiFamily
Closing
Feb 14, 2022
About this deal
AI
The multifamily property located at 1342-44 W. Ohio Street in West Town, Chicago was recently sold for $1,140,000. The transaction took place on February 15, 2022. The property consists of 6 units, with a per unit price of $190,000. The sale was facilitated by broker Abe Eilian from Essex Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,140,000
- Address: 1342-44 W. Ohio Street, West Town, Chicago
- Units: 6
- Per Unit Price: $190,000
- Broker: Abe Eilian - Essex Realty
This successful transaction showcases the desirability of the multifamily market in West Town, Chicago. With its convenient location and attractive price per unit, this property presents a lucrative investment opportunity. The involvement of Abe Eilian from Essex Realty demonstrates the expertise and professionalism brought to the deal. Both the buyer and seller can benefit from this value-driven transaction.
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
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93