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1418 West Blackhawk Street

Alec Greenberg Of Base 3 Development Acquires Multifamily Property In Chicago For $1.45M As Buyer's Rep
SOLDMultiFamily

Alec Greenberg Of Base 3 Development Acquires Multifamily Property In Chicago For $1.45M As Buyer's Rep

1418 West Blackhawk Street

$1,450,000

Building Size

Asset Type

MultiFamily

Closing

Mar 13, 2024

AI

1418 West Blackhawk Street in Chicago's Wicker Park/Noble Square area sold for $1,450,000. The fully renovated 7-unit multi-family property, featuring modern amenities and generating $164,640 in gross annual income, presents a prime investment opportunity near transportation and amenities.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Units: 7
  • Price per Unit: $207,143
  • Address: 1418 West Blackhawk Street
  • Market: Chicago

Alec Greenberg of Base 3 Development represented the buyer in the deal, while Aaron Greenberg of Kale Realty represented the seller.

Players

Aaron Greenberg

Kale Realty

Broker

$1.5M

vol

1 deal

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93