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
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.
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