Updated Dec 21, 2023
Pro Invest Realty LLC Acquires Multifamily Property In Chicago For $5.5M
1432 West Cortez Street, Chicago, Illinois 60642, United States
$5,500,000
$1,122/SF
Building Size
4,900 SF
Asset Type
MultiFamily
Closing
Jul 19, 2022
About this deal
AI
The multifamily property located at 1432 W Cortez St in Chicago has been sold for a total price of $5,500,000. The sale took place on 07/20/2022. The property has a total square footage of 4,900, resulting in a price per square foot of $1,122. The lot size is 3,049 square feet, with a price per lot square foot of $1,804.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
The buyer's representative in this transaction was Brandon Arnold from Pro Invest Realty LLC. The seller's representative was Marty Flynn from RE/MAX Properties Northwest.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93