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
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.
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