Updated Dec 21, 2023
Interra Realty Facilitates $2.7M Sale Of Multifamily Property In Rogers Park, Chicago
1744 West Albion Avenue, Chicago, IL 60626
$2,725,000
$158/SF
Building Size
17,250 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
An multifamily property located at 1744 W Albion Ave in Rogers Park, Chicago, was recently sold in a closed transaction. The property consists of 20 units with a total area of 17,250 square feet. The sale price for this transaction was $2,725,000, equating to a per unit price of $136,250 and a price per square foot of $158.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Units: 20
- Price Per Unit: $136,250
- Square Footage: 17,250
- Price Per Square Foot: $158
- Market: Rogers Park, Chicago
Craig Martin, Patrick Kennelly, and Paul Waterloo, representing Interra Realty, served as the brokers for this transaction.
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93