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1800 North Honore Street

Cindi Sodolski Acquires Bucktown Multifamily For $1.028M As Buyer's Rep
SOLDMultiFamily

Cindi Sodolski Acquires Bucktown Multifamily For $1.028M As Buyer's Rep

1800 North Honore Street

$1,028,000

Building Size

Asset Type

MultiFamily

Closing

Jun 4, 2024

AI

A multifamily property at 1800 North Honore Street in Chicago's Bucktown was recently sold for $1,028,000. This 2012-renovated four-unit building offers condo-quality finishes and has a gross rental income potential of $9,200 per month.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,028,000
  • Units: 4
  • Price per Unit: $257,000
  • Address: 1800 North Honore Street
  • Market: Chicago

Cindi Sodolski from Compass represented the buyer, while Steve McEwen of Christie's International Real Estate represented the seller in this transaction.

Players

Steve McEwen

@Properties Christie's International Real Estate

Broker

$2.2M

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

15.43%

Cash-on-Cash

-4.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93