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
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