Updated Dec 21, 2023
EXp Realty Acquires Multifamily Property In Chicago For $1.05M
1321 North Artesian Avenue, Chicago, IL 60622
$1,050,000
$285/SF
Building Size
3,678 SF
Asset Type
MultiFamily
Closing
May 18, 2020
About this deal
AI
Located at 1321 N Artesian Ave in Chicago, this multifamily property was recently sold. The transaction took place on May 18, 2021, with a sale price of $1,050,000. The property consists of 4 units, resulting in a price per unit of $262,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 1321 N Artesian Ave, Chicago
- Market: Chicago
- Buyer's Representative: Michael Scanlon - eXp Realty
- Seller's Representatives: Juana Honeycutt & Kaitlin Sager - Jameson Sotheby's Intl Realty
- Units: 4
- Price per Unit: $262,500
The buyer's representative in this deal was Michael Scanlon from eXp Realty. On the other hand, the seller's representatives were Juana Honeycutt and Kaitlin Sager from Jameson Sotheby's Intl Realty.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93