Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $2.06M
1508 W Addison St
$2,059,000
$362/SF
Building Size
5,684 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
AI
The multifamily property located at 1508 W Addison St in Chicago has been sold for a total price of $2,059,000. The property consists of 4 units, resulting in a price per unit (PPU) of $514,750.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,059,000
- Address: 1508 W Addison St
- Market: Chicago
- Units: 4
- PPU: $514,750
The buyer's representative in this transaction was Jane Domurot from Berkshire Hathaway HomeServices Chicago, while the seller's representative was Jamie Connor from Jameson Sotheby's Intl 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
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93