Updated Sep 9, 2024
Compass Broker Joseph Siciliano Acquires Multifamily Property In Chicago For $1.3M
1342 West Newport Avenue, Chicago, IL 60657, USA
$1,300,000
$541/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
The multifamily property located at 1342 W Newport Ave in Chicago was recently sold for $1,300,000 on April 30, 2021. The property consists of two units, with a price per unit of $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 1342 W Newport Ave, Chicago
- Units: 2
- Price Per Unit: $650,000
In this transaction, Joseph Siciliano from Compass represented the buyer, while James Sheehan from Dream Town Realty represented the seller.
The multifamily sale at 1342 West Newport Avenue, Chicago, IL 60657, USA in Chicago, Illinois sold for $1.3M in 2021. Reported inventory is 2,400 square feet across 2 units, or about 541 per square foot. Joseph (Joe) Siciliano, James Sheehan, Dream Town Realty, Compass appear on the sale alongside Dream Town Realty, Compass, Sheehan Real Estate. This page is the Chicago, Illinois file for the 1342 West Newport Avenue, Chicago, IL 60657, 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 1342 West Newport Avenue, Chicago, IL 60657, USA around 2021. Published consideration for 1342 West Newport Avenue, Chicago, IL 60657, USA is $1.3M, dated 2021. Cite this Compass Broker Joseph Siciliano 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