Jonathan Rose Companies Acquires Multifamily Property In Chicago For $17.5M
1354 South Morgan Street, Chicago, Illinois 60608, United States
$17,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 19, 2022
AI
A multifamily property located at 1354 S Morgan Street in Chicago has been sold for a total of $17,500,000. The property consists of 272 units, which results in a per-unit price of $64,338.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Address: 1354 S Morgan Street, Chicago
- Market: Chicago
- Buyer: Jonathan Rose Companies - Nathan D. Taft
- Seller: Chicago Community Development Corporation
- Total Units: 272
- Price per Unit: $64,338
The buyer of the property is Jonathan Rose Companies, represented by Nathan D. Taft. The seller in this transaction is Chicago Community Development Corporation.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93