Updated Dec 21, 2023
Harrison Pinkus Brokers $1M Multifamily Sale In Chicago
1633 North Honore Street, Chicago, IL 60622
$1,025,000
$353/SF
Building Size
2,904 SF
Asset Type
MultiFamily
Closing
May 24, 2021
About this deal
AI
The multifamily property located at 1633 N. Honore St in Chicago has been sold for a price of $1,025,000. The property consists of 6 units, resulting in a price per unit of $170,833. The sale of this property was facilitated by broker Harrison Pinkus.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 1633 N. Honore St
- Market: Chicago
- Units: 6
- Price per Unit: $170,833
- Broker: Harrison Pinkus
This transaction highlights the successful sale of a multifamily property in the sought-after Chicago market. With a total of 6 units, this property presents a valuable investment opportunity. The involvement of broker Harrison Pinkus further emphasizes the expertise and guidance provided to the parties involved in the deal.
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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93