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1423 West Catalpa Avenue, C...

Interra Realty Brokers $5.2M Sale Of Andersonville Multifamily Property On W Catalpa
SOLDMultiFamily

Interra Realty Brokers $5.2M Sale Of Andersonville Multifamily Property On W Catalpa

1423 West Catalpa Avenue, Chicago, Illinois 60640, United States

$5,200,000

$273/SF

Building Size

19,000 SF

Asset Type

MultiFamily

Closing

Jun 2, 2022

AI

The multifamily property located at 1423-25 W Catalpa in Andersonville, Chicago was recently sold for a total price of $5,200,000. The property consists of 9 units with an average price per unit of $577,778. The total square footage of the property is 19,000, resulting in a price per square foot of $274.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 9
  • Price Per Unit: $577,778
  • Square Footage: 19,000
  • Price Per Square Foot: $274
  • Market: Andersonville, Chicago
  • Brokers: Craig Martin & Jon Morgan - Interra Realty

The sale of the property was facilitated by Craig Martin and Jon Morgan from Interra Realty. They represented the parties involved in the transaction, ensuring a successful deal.

Players

Jon Morgan

Interra Realty

Broker

$146.8M

vol

10 deals

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93