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1624 W Blackhawk St Chicago...

Sarah Robins Of Rothman Real Estate Acquires $2.9M Multifamily Property In Chicago
SOLDMultiFamily

Sarah Robins Of Rothman Real Estate Acquires $2.9M Multifamily Property In Chicago

1624 W Blackhawk St Chicago, IL 60622, USA

$2,985,000

Building Size

Asset Type

MultiFamily

Closing

Jun 8, 2023

AI

A newly constructed luxury building in Chicago's Wicker Park neighborhood has been sold in a closed transaction. Located at 1624 West Blackhawk Street, the property is a multifamily asset offering four fully furnished units. The building boasts high-end amenities, making it ideal for short-term rentals or personal residence. The sale price for this property was $2,985,000, with each unit priced at $746,250.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,985,000
  • Units: 4
  • Price per Unit: $746,250

Sarah Robins, representing Rothman Real Estate, served as the buyer's representative in this transaction. Aleksandar Djuric, from Worth Clark Realty, acted as the seller's representative.

Players

Sarah Robins

Rothman Real Estate

Broker

$5.6M

vol

2 deals

Broker

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

5.31%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93