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
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.
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