Updated Dec 21, 2023
Rafay Qamar Acquires Multifamily Property In Chicago For $2.44M
1367 West Hubbard Street, Chicago, Illinois 60642, United States
$2,447,000
Units
3
Asset Type
MultiFamily
Closing
Feb 7, 2022
About this deal
AI
An off-market multifamily property located at 1367 W Hubbard St in Chicago has been sold for a transaction price of $2,447,000. The property consists of three units, with an average price per unit of $815,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,447,000
- Address: 1367 W Hubbard St, Chicago
- Market: Chicago
- Buyer's Representative: Rafay Qamar - Compass
- Seller's Representative: Karen Biazar - North Clybourn Group Inc
Rafay Qamar from Compass represented the buyer in this transaction, while Karen Biazar from North Clybourn Group Inc 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
6.48%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93