Updated Dec 21, 2023
Essex Realty Brokers Acquire West Town Multifamily For $1.3M
1455 West Cortez Street, Chicago, Illinois 60642, United States
$1,300,000
Units
3
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
The multifamily property located at 1455 W Cortez St in West Town, Chicago has been sold for $1,300,000. The property consists of 3 units, with a price per unit of $433,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 3
- Price Per Unit: $433,333
- Market: West Town, Chicago
The sale of this multifamily property was facilitated by Brian Keegan and Matt Feo from Essex Realty. They represented the buyers and sellers in this transaction.
The multifamily sale at 1455 West Cortez Street, Chicago, Illinois 60642, United States in Chicago, Illinois sold for $1.3M in 2022. Reported inventory is 3 units across 3 units. Brian Keegan, Matt Feo, Essex Realty Group appear on the sale alongside Essex Realty Group. This page is the Chicago, Illinois file for the 1455 West Cortez Street, Chicago, Illinois 60642, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1455 West Cortez Street, Chicago, Illinois 60642, United States around 2022. Published consideration for 1455 West Cortez Street, Chicago, Illinois 60642, United States is $1.3M, dated 2022. Cite this Essex Realty Brokers Acquire West Town Multifamily For $1.3M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Brian Keegan to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93