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1417 West Henderson Street,...

Richard Cohn Real Estate Represents Buyer In $1M Chicago Multifamily Sale
SOLDMultiFamily

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.

Players

Michael Hall

Baird & Warner

Broker

$11.1M

vol

8 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93