Updated Feb 28, 2025
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
About this deal
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.
On the Map
$1,410,000
$503/SF
MultiFamily
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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
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93