Updated Dec 22, 2023
Marcus & Millichap Sells Multifamily Property In Chicago's Market For $1.047M
1620 North Honore Street, Chicago, IL, USA
$1,047,000
$360/SF
Building Size
2,904 SF
Asset Type
MultiFamily
Closing
Feb 11, 2021
About this deal
AI
A multifamily property located at 1620 N Honore St in Chicago has been sold for a total price of $1,047,000. The transaction took place on February 12, 2021, and the property was represented by Emily Sachs Wong and Mary Sellen. Stephen Rachman from Marcus & Millichap served as the buyer's representative in the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,047,000
- Address: 1620 N Honore St
- Market: Chicago
The property features were not specified in the provided information. It is important to note that no additional details about the transaction, such as square footage or loan amount, were provided. However, the sale represents a significant investment in the Chicago multifamily market.
The key individuals involved in this transaction include Emily Sachs Wong and Mary Sellen, who represented the seller, and Stephen Rachman from Marcus & Millichap, who represented the buyer. Their expertise and negotiation skills played a crucial role in the successful completion of this multifamily property sale in 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
15.15%
Cash-on-Cash
-4.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93