1451 West Erie Street Multifamily Sells For $1.725M With Buyer's Rep Colin Hebson & Seller's Rep Daniel Merrion
1451 West Erie Street
$1,725,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 8, 2024
AI
1451 West Erie Street in Chicago, a multifamily property, has been sold for $1,725,000. The buyer, represented by Colin Hebson of Dream Town Realty, acquired the property from the seller, represented by Daniel Merrion of Coldwell Banker.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 1451 West Erie Street, Chicago
- Buyer's Rep: Colin Hebson - Dream Town Realty
- Seller's Rep: Daniel Merrion - Coldwell Banker
Dream Town Realty, led by Colin Hebson, successfully procured the multifamily property at 1451 West Erie Street in Chicago. Coldwell Banker, represented by Daniel Merrion, facilitated the transaction on behalf of the seller. The deal signifies another successful collaboration between these prominent real estate professionals.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93