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
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