Updated Dec 21, 2023
1416 W Cuyler Ave Multifamily Sold In Chicago For $1.3M With Buyer's Rep Sarah Maxwell & Seller's Rep Timothy Salm
1416 West Cuyler Avenue, Chicago, Illinois 60613, United States
$1,300,000
$208/SF
Building Size
6,250 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located at 1416 W Cuyler Ave in Chicago, this multifamily property was recently sold for $1,300,000. The property spans over a lot size of 6,250 square feet, resulting in a price per square foot of $357. The sale took place on 04/07/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Lot Size: 6,250 square feet
- Price per Square Foot: $357
- Market: Chicago
Sarah Maxwell of Sarah Maxwell Properties represented the buyer in this transaction, while Timothy Salm of Jameson Sotheby's International Realty represented the seller. Both parties worked together to successfully complete the sale of this multifamily property.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93