Richard Cohn Real Estate Represents Buyer In $1M Chicago Multifamily Sale
1417 West Henderson Street, Chicago, Illinois 60657, United States
$1,000,000
$320/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Jun 14, 2022
AI
A multifamily property located at 1417 W Henderson St in Chicago has been sold in a recent transaction. The property consists of 3 units and has a total sale price of $1,000,000, resulting in an average price per unit of $333,333. The lot size is 3,125 square feet, equating to a price per square foot of $320.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Average Price per Unit: $333,333
- Lot Size: 3,125 square feet
- Price per Square Foot: $320
The buyer in this transaction was represented by Richard Cohn from Richard Cohn Real Estate, while the seller was represented by Michael Hall from Baird & Warner.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93