Julian Levit Of Compass Represents Seller In $1.41M Multifamily Sale At 1900 North Bissell Street
1900 North Bissell Street
$1,410,000
$503/SF
Building Size
2,800 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
AI
The property asset involved in the transaction is a multifamily building located at 1900 North Bissell Street in the Chicago market. The sale price of the asset was $1,410,000, consisting of 3 units. The total square footage of the property is 2,800, resulting in a price per unit of $470,000 and a price per square foot of $503.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Units: 3
- Square Footage: 2,800
- Price per Unit: $470,000
- Price per Square Foot: $503
- Seller's Representative: Julian Levit - Compass
- Date of Sale: 02/28/2025
This transaction involved Julian Levit from Compass representing the seller, facilitating the deal within the competitive Chicago multifamily market while ensuring the property's successful sale.
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
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93