Marcus & Millichap Brokers Sell Multifamily Property In Chicago's Sedgwick Street For $955K
1510 North Sedgwick Street, Chicago, IL 60610
$955,000
$254/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
AI
Located at 1510 N. Sedgwick St in Chicago, this multifamily property was recently sold for a total price of $955,000. The transaction took place on December 15, 2021, making it a closed deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $955,000
- Number of Units: 4
- Price per Unit (PPU): $238,750
- Market: Chicago
The sale of this property was facilitated by the brokers Kyle A. Stengle and Steve Rachman, representing Marcus & Millichap.
This transaction presents an opportunity for investors looking for a multifamily property in the Chicago market. With four units available, each unit has an approximate value of $238,750, based on the total sale price. The property is located at 1510 N. Sedgwick St, offering a desirable address for tenants.
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
16.61%
Cash-on-Cash
-4.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93