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1513 West Erie Street

Multifamily In Noble Square Sold For $940,000 By Essex Realty Group, Inc
SOLDMultiFamily

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

Abe Eilian

Essex Realty Group

Broker

$115.1M

vol

29 deals

Broker

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