Updated Dec 21, 2023
Joanne Gross & Associates In Acquires Multifamily Property In Chicago For $1.025M
1633 N Honore St, Chicago, IL, USA
$1,025,000
$338/SF
Building Size
3,025 SF
Asset Type
MultiFamily
Closing
May 24, 2021
About this deal
AI
A multifamily property located at 1633 N Honore St in Chicago was recently sold for $1,025,000. The transaction took place on May 24, 2021. The property was listed by broker Joanne Gross from Joanne C Gross & Associates Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 1633 N Honore St, Chicago
- Market: Chicago
Joanne Gross from Joanne C Gross & Associates Inc represented the seller in this transaction.
The multifamily sale at 1633 N Honore St, Chicago, IL, USA in Chicago, Illinois sold for $1M in 2021. The building is 3,025 square feet, implying about 338 per square foot on the published price. Named participants on the 1633 N Honore St, Chicago, IL, USA sale are Joanne Gross. This page is the Chicago, Illinois file for the 1633 N Honore St, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1633 N Honore St, Chicago, IL, USA around 2021. Published consideration for 1633 N Honore St, Chicago, IL, USA is $1M, dated 2021. Cite this Joanne Gross & Associates In Acquires Multifamily Property In Chicago For $1.025M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93