Updated Dec 20, 2023
Chicago Properties Firm Acquires Multifamily Property On Armitage Ave For $1.165M
1847 West Armitage Avenue, Chicago, IL 60622, USA
$1,165,000
$388/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
The multifamily property located at 1847 W Armitage Ave in Chicago was recently sold for $1,165,000. The property consists of 3 units, with each unit having a per unit price of $388,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Address: 1847 W Armitage Ave, Chicago
- Units: 3
- Price per Unit: $388,333
The buyer, Sandra Wright, was represented by Chicago Properties Firm, while the seller, Aaron Share, was represented by Compass.
The multifamily sale at 1847 West Armitage Avenue, Chicago, IL 60622, USA in Chicago, Illinois sold for $1.2M in 2021. Reported inventory is 3,000 square feet across 3 units, or about 388 per square foot. Sandra Wright, Aaron Share, Compass appear on the sale alongside Compass. This page is the Chicago, Illinois file for the 1847 West Armitage Avenue, Chicago, IL 60622, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1847 West Armitage Avenue, Chicago, IL 60622, USA around 2021. Published consideration for 1847 West Armitage Avenue, Chicago, IL 60622, USA is $1.2M, dated 2021. Cite this Chicago Properties Firm Acquires Multifamily Property On Armitage Ave For $1.165M sale when underwriting similar multifamily product around Chicago, Illinois.
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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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93