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
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