Multifamily In Noble Square Sold For $940,000 By Essex Realty Group, Inc
1513 West Erie Street
$940,000
$313/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Nov 29, 2022
AI
A 3-unit multifamily apartment building in Noble Square, located at 1513 W Erie St, has been sold for $940,000. The property spans 3,000 square feet, with each unit priced at $313,333. The sale price per square foot is $313.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $940,000
- Units: 3
- Price per Unit: $313,333
- Square Footage: 3,000
- Price per Square Foot: $313
- Market: Noble Square, Chicago, IL
Brian Keegan and Abe Eilian, representing Essex Realty Group, Inc., facilitated the sale of this multifamily apartment building. Congratulations to them on the successful transaction. For further inquiries, please contact Essex Realty Group, Inc.
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
16.88%
Cash-on-Cash
-4.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93