Updated Dec 19, 2023
Interra Realty Facilitates $10M Sale Of Multifamily Property In Lake View, Chicago
1650 West Roscoe Street, Chicago, IL 60657
$10,000,000
$317/SF
Building Size
31,500 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 1650 W Roscoe St in Lake View, Chicago has been sold for $10,000,000. The transaction was closed on 12/15/2021. The property consists of 59 units, with a price per unit (PPU) of $169,492. The total square footage of the property is 31,500, resulting in a price per square foot (PPSF) of $317.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 1650 W Roscoe St
- Market: Lake View, Chicago
- Units: 59
- Price Per Unit (PPU): $169,492
- Square Footage (SF): 31,500
- Price Per Square Foot (PPSF): $317
The sale was facilitated by Craig Martin from Interra Realty, who represented the parties involved in the transaction.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93