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1646 West Cortland Street, ...

Dream Town Realty Acquires Multifamily Property In Chicago For $1.135M
SOLDMultiFamily

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

Colin Hebson

Dream Town Realty

Broker

$7.3M

vol

6 deals

Broker

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