Nick Stocking Acquires Chicago Multifamily Building For $2.5M
1659 North Humboldt Boulevard, Chicago, IL, USA
$2,475,000
$370/SF
Building Size
6,690 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
AI
A multifamily property located at 1659 N Humboldt and 2159 W. Huron in Chicago has been sold for $2,475,000. The transaction took place on June 24, 2021. The property consists of 12 units, resulting in an average price per unit of $206,250. The buyer of the property is Nick Stocking.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,475,000
- Units: 12
- Price per Unit: $206,250
- Buyer: Nick Stocking
The deal was facilitated by broker Ben Smith, representing the buyer, Nick Stocking.
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93