Updated Dec 20, 2023
Megan Fealy Properties Acquires Multifamily Property In Chicago For $1.33M
1908 North Clark Street, Chicago, IL 60614, USA
$1,330,000
$593/SF
Building Size
2,240 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
Located at 1908 N Clark St in Chicago, this multifamily property was recently sold on November 19, 2021. The property spans a lot size of 2,240 square feet, translating to a price per square foot of $594. The sale price for this transaction was $1,330,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,330,000
- Lot Size: 2,240 square feet
- Price per Square Foot: $594
Megan Fealy from Megan Fealy Properties represented the buyer in this transaction, while Mike Checuga from RE/MAX 10 Lincoln Park acted as the seller's representative. Both individuals played key roles in facilitating the sale of this property.
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
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93