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
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