Updated Sep 5, 2024
Sarah Robins Of Rothman Real Estate Acquires $2.9M Multifamily Property In Chicago
1624 W Blackhawk St Chicago, IL 60622, USA
$2,985,000
Units
4
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
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.
On the Map
$2,985,000
MultiFamily
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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