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1521 W Superior St, Chicago...

Updated Dec 21, 2023

Coldwell Banker Realty Brokers Facilitate $1.28M Sale Of Multifamily Property In Chicago
SOLDMultiFamily

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

Phyllis Scott

Coldwell Banker

Broker

$2.4M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $409 per square foot on a published $1.3M for 3,125 square feet (2021).

Visit Phyllis Scott to view all their deals.

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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

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