Updated Dec 21, 2023
HomeSmart Connect LLC Acquires Multifamily Property In Chicago For $1.09M
1817 North Honore Street, Chicago, IL 60622
$1,090,000
$417/SF
Building Size
2,614 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
The multifamily property located at 1817 N Honore St in Chicago has been sold. The sale was facilitated by the seller's representative, Sarah Ziehr from Redfin Corporation, and the buyer's representative, Karen Sanchez from HomeSmart Connect LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Date: 01/05/2022
- Units: 3
- Price per unit: $363,333
- Lot Size: 2,614 square feet
- Price per square foot: $417
The property consists of three units with a price per unit of $363,333. The lot size is 2,614 square feet, making the price per square foot $417.
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
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93