Root Realty Sells Multifamily Property In Lakeview, Chicago For $785K
1456 West Irving Park Road
$785,000
$17/SF
Building Size
45,000 SF
Asset Type
MultiFamily
Closing
May 3, 2022
AI
A multifamily property located at 1456 W Irving Park Rd in Lakeview, Chicago has been sold. The property consists of 3 units with a total sale price of $785,000. This equates to a price per unit of $261,667. The property spans a total of 45,000 square feet, resulting in a price per square foot of $17.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $785,000
- Units: 3
- Price Per Unit: $261,667
- Square Feet: 45,000
- Price Per Square Foot: $17
- Address: 1456 W Irving Park Rd
- Market: Lakeview, Chicago
The sale of this multifamily property was represented by Kevin Itima, Michael Root, and Joseph Root of Root Realty.
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
20.21%
Cash-on-Cash
-5.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93