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
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