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.
On the Map
$2,447,000
MultiFamily
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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