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1900 North Bissell Street, ...

Jameson Sotheby's Represents Sale Of Multifamily Property In Lincoln Park For $1.375M
SOLDMultiFamily

Jameson Sotheby's Represents Sale Of Multifamily Property In Lincoln Park For $1.375M

1900 North Bissell Street, Chicago, Illinois 60614, United States

$1,375,000

$137/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Oct 16, 2022

AI

The multifamily property located at 1900 N Bissell St in Lincoln Park has been sold for $1,375,000. The transaction took place on October 17, 2022. This property consists of 3 units, with a price per unit of $458,333. The total square footage is 10,000, resulting in a price per square foot of $138.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000
  • Units: 3
  • Price per Unit: $458,333
  • Square Footage: 10,000
  • Price per Square Foot: $138
  • Address: 1900 N Bissell St
  • Market: Lincoln Park
  • Brokers: Julian Levit & Ryan Grober - Jameson Sotheby's International Realty

Julian Levit and Ryan Grober from Jameson Sotheby's International Realty were the brokers involved in this transaction. They represented the buyer and the seller respectively, ensuring the successful completion of this multifamily sale in Lincoln Park.

Players

Ryan Grober

Sotheby's International Realty

Broker

$5.2M

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93