Updated Sep 9, 2024
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.095M
1531 North North Park Avenue, Chicago, IL 60610, USA
$1,095,000
$502/SF
Building Size
2,178 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
A multifamily property located at 1531 N North Park Ave in Chicago has been sold. The sale took place on 10/29/2021 with a sale price of $1,095,000. The property consists of 4 units, resulting in a price per unit of $273,750. The lot size is 2,178 square feet, making the price per square foot $503.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,095,000
- Units: 4
- Price per Unit: $273,750
- Lot Size: 2,178 square feet
- Price per Square Foot: $503
The buyer's representative for this transaction was Patrick Teets from Jameson Sotheby's International Realty, while the seller's representative was Lindsay Everest from Berkshire Hathaway HomeServices Chicago.
On the Map
$1,095,000
$502/SF
MultiFamily
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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
14.49%
Cash-on-Cash
-4.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93