Finley Askin Acquires Multifamily Property In South Shore, Chicago For $1.47M
1651 East 74th Place, Chicago, Illinois 60649, United States
$1,470,000
$116/SF
Building Size
12,632 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
AI
A multifamily property located at 1651 E 74th Pl in South Shore, Chicago has been sold. The transaction took place on 04/19/2022. The property consists of 24 units and was sold for a total price of $1,470,000, resulting in a per unit price of $61,250. The property was listed by Finley Askin of CRER (Chicago Real Estate Resources) and Peaches Stewart of Peaches & Associates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,470,000
- Date: 04/19/2022
- Address: 1651 E 74th Pl, South Shore, Chicago
- Units: 24
- Price Per Unit: $61,250
Finley Askin from CRER and Peaches Stewart from Peaches & Associates were the brokers involved in the deal. They played a key role in facilitating the transaction, representing the buyer and seller respectively.
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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93