Updated Dec 21, 2023
Coldwell Banker Realty Brokers Facilitate $1.28M Sale Of Multifamily Property In Chicago
1521 W Superior St, Chicago, IL, USA
$1,280,000
$409/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
The multifamily property located at 1521 W Superior St in Chicago has been sold in a recent transaction. The sale, which took place on October 14, 2021, involved a total of 7 units. The sale price for the property was $1,280,000, resulting in an average price per unit of $182,857. The lot size of the property spans 3,125 square feet, amounting to a price per square foot of $410.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Units: 7
- Price per Unit: $182,857
- Lot Size: 3,125 square feet
- Price per Square Foot: $410
The sale of this multifamily property was facilitated by Chaz Walters and Phyllis Scott, who represented the buyer and seller in the transaction. They are affiliated with Coldwell Banker Realty. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93