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1408 West Jarvis Avenue, Ch...

Mark Keppy Properties East Lincoln Park Acquires Multifamily Property On W Jarvis Ave, Chicago For $1,167,650
SOLDMultiFamily

Mark Keppy Properties East Lincoln Park Acquires Multifamily Property On W Jarvis Ave, Chicago For $1,167,650

1408 West Jarvis Avenue, Chicago, IL 60626, USA

$1,167,650

$152/SF

Building Size

7,675 SF

Asset Type

MultiFamily

Closing

Aug 31, 2021

AI

Located at 1408 W Jarvis Ave in Chicago, this multifamily property was recently sold in a closed transaction. The sale took place on August 31, 2021, with a sale price of $1,167,650. The property spans a total of 7,675 square feet, resulting in a price per square foot of $152. The lot size is 4,792 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,167,650
  • Address: 1408 W Jarvis Ave, Chicago
  • Market: Chicago

The buyer in this transaction was represented by Mark Keppy roperties East Lincoln Park, while the seller was represented by Dean Moss of Keller Williams Realty Partners.

With this sale, the property changed hands, providing an opportunity for new ownership and potential future development.

Players

Mark Keppy

Dream Town Real Estate

Broker

$4.9M

vol

3 deals

Broker

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

13.59%

Cash-on-Cash

-3.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93