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
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