Chicago Real Estate Resources Acquires 19-Unit Multifamily In Stoney Island Park For $1.1M
1654 East 85th Street, Chicago, Illinois 60617, United States
$1,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 23, 2022
AI
A multifamily property located at 1654 E 85th St & 1705 E 85th St in Stoney Island Park, Chicago has been sold for $1,100,000. The transaction took place on March 24, 2022. The property consists of 19 units, resulting in a price per unit of $57,895.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 1654 E 85th St & 1705 E 85th St, Stoney Island Park, Chicago
- Market: Stoney Island Park, Chicago
- Asset Type: Multifamily
The deal was facilitated by Finley Askin from CRER (Chicago Real Estate Resources) and Perdure Carter.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93