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1714 North Honore Street, C...

John Westbrook Acquires 4-Unit Multifamily Property In Chicago For $1.01M
SOLDMultiFamily

John Westbrook Acquires 4-Unit Multifamily Property In Chicago For $1.01M

1714 North Honore Street, Chicago, Illinois 60622, United States

$1,011,101

$304/SF

Building Size

3,319 SF

Asset Type

MultiFamily

Closing

May 5, 2022

AI

The multifamily property located at 1714 N Honore St in Chicago was recently sold for a total price of $1,011,101. The transaction took place on May 6, 2022, and involved the sale of a 4-unit building. Each unit was sold for an average price of $252,775. The property has a total lot size of 3,319 square feet, resulting in a price per square foot of $305.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,011,101
  • Address: 1714 N Honore St, Chicago
  • Sale Date: May 6, 2022
  • Number of Units: 4
  • Price per Unit: $252,775
  • Lot Size: 3,319 square feet
  • Price per Square Foot: $305

John Westbrook roperties represented the buyer in this transaction, while Karen Biazar from North Clybourn Group, Inc served as the seller's representative. Both parties played a crucial role in facilitating the deal and ensuring a successful sale.

Players

John Westbrook

Broker

$5.4M

vol

2 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

15.69%

Cash-on-Cash

-4.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93