Updated Dec 21, 2023
Compass Representative Iris Kohl Facilitates $1.02M Multifamily Sale In Chicago
1600 North Maplewood Avenue, Chicago, IL 60647, USA
$1,020,000
$369/SF
Building Size
2,760 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
Located at 1600 N Maplewood Ave in Chicago, this multifamily property was recently sold in a closed transaction. The property consists of 3 units and spans across 2,760 square feet. The sale price for this transaction was $1,020,000, resulting in a price per unit of $340,000 and a price per square foot of $370.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Units: 3
- Price per Unit: $340,000
- Lot Square Footage: 2,760
- Price per Square Foot: $370
- Market: Chicago
The buyer's representative for this transaction was Iris Kohl from Compass, while the seller's representative was Carrie McCormick Properties.
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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93