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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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