Dream Town Realty Acquires Multifamily Property In Chicago For $1.135M
1646 West Cortland Street, Chicago, IL 60622, USA
$1,135,000
$315/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
The multifamily property located at 1646 W Cortland St in Chicago was recently sold. The sale was facilitated by Colin Hebson of Dream Town Realty, who represented the buyer, and Jill Silverstein of Compass, who represented the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Units: 3
- Price per Unit: $378,333
- Lot Size: 3,600 square feet
- Price per Square Foot: $315
The property consists of three units, with each unit priced at approximately $378,333. The lot size of the property is 3,600 square feet, resulting in a price per square foot of $315.
Colin Hebson of Dream Town Realty and Jill Silverstein of Compass played crucial roles in finalizing the sale of the property.
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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93