Updated Jan 7, 2026
Private Individual Acquires Multifamily Property At 1422 W. School St In Chicago For $1.25M
1422 W. School St
$1,250,000
$320/SF
Building Size
3,900 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 1422 W. School St, Chicago. The transaction was completed at a price of $1,250,000.00 for a total square footage of 3,900.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,250,000.00
- Address: 1422 W. School St
- Market: Chicago
- Square Footage: 3,900.0
- Buyer: Private Individual
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
This transaction involved a private individual as the buyer. Steven Rapoport represented the buyer in this deal through CRER (Chicago Real Estate Resources), facilitating the completion of this MultiFamily asset acquisition.
On the Map
$1,250,000
$320/SF
MultiFamily
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93