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1841 South Loomis Street

Multifamily Property At 1841 South Loomis Street In Chicago Sold For $1.16M With Buyer's Rep Andrew Dorazio & Seller's Rep David Ryan
SOLDMultiFamily

Multifamily Property At 1841 South Loomis Street In Chicago Sold For $1.16M With Buyer's Rep Andrew Dorazio & Seller's Rep David Ryan

1841 South Loomis Street

$1,160,000

Building Size

Asset Type

MultiFamily

Closing

Feb 8, 2024

AI

A multifamily property located at 1841 South Loomis Street in Chicago has been sold for a total of $1,160,000. The property features multiple residential units and is situated in the bustling Chicago market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000
  • Date: 02/08/2024
  • Address: 1841 South Loomis Street
  • Market: Chicago

The seller's representative, David Ryan of Homesmart Connect, facilitated the sale of this multifamily property. On the other hand, the buyer's representative, Andrew Dorazio, worked on behalf of Fitzgerald Real Estate to complete the transaction.

Players

Andrew Dorazio

Dorazio Real Estate

Broker

$8.6M

vol

6 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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93