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1451 West Erie Street

1451 West Erie Street Multifamily Sells For $1.725M With Buyer's Rep Colin Hebson & Seller's Rep Daniel Merrion
SOLDMultiFamily

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:

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

Colin Hebson

Dream Town Realty

Broker

$7.3M

vol

6 deals

Broker

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