Peak Realty Chicago Acquires Multifamily Property On N State Pkwy In Chicago For $2.1M
1347 North State Parkway, Chicago, IL 60610, USA
$2,155,555
$215/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
AI
The multifamily property located at 1347 N State Pkwy in Chicago has been sold. The sale was facilitated by Jennifer Ames from Engel & Voelkers Chicago, representing the seller, and Alexander Morsch from Peak Realty Chicago, representing the buyer.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,155,555
The sale of this multifamily property in Chicago was successfully completed for a total price of $2,155,555. Both the buyer and the seller were represented by their respective brokers, Alexander Morsch of Peak Realty Chicago and Jennifer Ames of Engel & Voelkers Chicago.
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
7.36%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93