Berkshire Hathaway HomeServices Acquires Multifamily Property On W Highland Ave For $1.47M
1615 W Highland Ave, Chicago, Illinois, USA
$1,470,000
$67/SF
Building Size
21,780 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
AI
Located at 1615 W Highland Ave in Chicago, IL, this multifamily property was recently sold in a transaction on April 26, 2021. The property, consisting of 9 units, was sold for a price of $1,470,000, resulting in an average price per unit of $163,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,470,000
- Market: Chicago, IL
The buyer was represented by Liliana DeLeon from Chicagoland Brokers, Inc., while Joseph Schiller from Berkshire Hathaway HomeServices Chicago acted as the seller's representative.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93