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1744 North Hoyne Avenue, Ch...

Redfin Corporation Acquires Multifamily Property In Chicago For $1.215M
SOLDMultiFamily

Redfin Corporation Acquires Multifamily Property In Chicago For $1.215M

1744 North Hoyne Avenue, Chicago, IL 60647

$1,215,000

$557/SF

Building Size

2,178 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

A multifamily property located at 1744 N Hoyne Ave in Chicago was recently sold for $1,215,000. The property consists of 3 units, with a price per unit of $405,000. The lot size is 2,178 square feet, resulting in a price per square foot of $558.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,215,000
  • Units: 3
  • Price Per Unit: $405,000
  • Lot Size: 2,178 square feet
  • Price Per Square Foot: $558
  • Market: Chicago

The buyer's representative in this transaction was Greg Whelan from Redfin Corporation. The seller's representative was Erin Mandel Properties.

Players

Greg Whelan

Redfin

Broker

$3.9M

vol

3 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

13.06%

Cash-on-Cash

-3.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93