Interra Realty Brokers $5.2M Sale Of Andersonville Multifamily Property On W Catalpa
SOLD
$5,200,000
Illinois
See Similar DealsMultiFamily19,000 SF
Sold 06/03/2022
SOLD
Interra Realty Brokers $5.2M Sale Of Andersonville Multifamily Property On W Catalpa
1423 West Catalpa Avenue, Chicago, Illinois 60640, United States
See Similar DealsMultiFamily19,000 SF
Sold 06/03/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:19,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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