Keller Williams Inspire Acquires Multifamily Property In Chicago For $1.7M
1425 West Gregory Street, Chicago, Illinois 60640, United States
$1,700,000
$286/SF
Building Size
5,931 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
AI
Located in the city of Chicago, the multifamily property at 1425 W Gregory St was recently sold in a closed transaction. The sale was facilitated by Matthew Kveton from Keller Williams Inspire, who represented the buyer, and Melissa Morgan from Flats, LLC, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,700,000
- SF: 5,931
- PPSF: $287
- Lot SF: 3,750
- PPLSF: $453
The property spans across an area of 5,931 square feet and includes a lot measuring 3,750 square feet. The sale price for this multifamily asset was $1,700,000, resulting in a price per square foot of $287 and a price per lot square foot of $453.
Matthew Kveton, representing Keller Williams Inspire, acted as the buyer's representative in this transaction. On the other hand, Melissa Morgan, from Flats, LLC, served as the seller's representative. Their expertise played a crucial role in successfully closing the 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93