Updated Dec 21, 2023
Jim Ongena Properties Acquires Multifamily Property In Chicago For $1.03M
1414 West School Street, Chicago, Illinois 60657, United States
$1,035,000
$383/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
A multifamily property located at 1414 W School St in Chicago has been sold for a price of $1,035,000. The property has a total square footage of 2,700, resulting in a price per square foot of $383. The lot size is 3,049 square feet, with a price per square foot of $339.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,035,000
- Square Footage: 2,700
- Price per Square Foot: $383
- Lot Size: 3,049 square feet
- Price per Lot Square Foot: $339
- Market: Chicago
The buyer's representative in this transaction is Jim Ongena Properties, while the seller's representative is Deborah Ryder from American International Realty Corp.
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
15.33%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93