Updated Dec 20, 2023
Interra Realty Brokers $5.8M Sale Of Multifamily Property In Chicago
1513 West Diversey Parkway, Chicago, IL, USA
$5,780,000
$963/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Oct 28, 2020
About this deal
AI
The multifamily property located at 1513-1517 W. Diversey Parkway in Chicago has been sold for a price of $5,780,000. The transaction took place on October 29, 2020. The property consists of 12 units, with each unit having a price per unit (PPU) of $481,666.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,780,000
- Address: 1513-1517 W. Diversey Parkway, Chicago
- Market: Chicago
- Brokers: Jeremy Morton & Ted Stratman - Interra Realty
- Units: 12
- PPU: $481,666
Jeremy Morton and Ted Stratman from Interra Realty represented the parties involved in the transaction as brokers.
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
2.74%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93