facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1422 W. School St

Private Individual Acquires Multifamily Property At 1422 W. School St In Chicago For $1.25M
SOLDMultiFamily

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

Steven Rapoport

CRER (Chicago Real Estate Resources)

Broker

$74.1M

vol

23 deals

Broker

Private Individual

Buyer

$5.6M

vol

1 deal

Buyer

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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