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1911 West Ohio Street, Chic...

Red Carpet Investment Group Inc Acquires Multifamily Property In Chicago For $1.25M
SOLDMultiFamily

Red Carpet Investment Group Inc Acquires Multifamily Property In Chicago For $1.25M

1911 West Ohio Street, Chicago, Illinois 60622, United States

$1,250,000

$198/SF

Building Size

6,300 SF

Asset Type

MultiFamily

Closing

Apr 27, 2022

AI

The multifamily property located at 1911 W Ohio St in Chicago has been sold for a total of $1,250,000. The sale took place on 04/28/2022, and the property spans a total square footage of 6,300. The price per square foot comes out to be $198. The lot size is 2,178 square feet, making the price per lot square foot $574. The transaction was facilitated by Irina Bugatova from Red Carpet Investment Group Inc, who represented the buyer, and Mark Kurgan from 33 Realty, who represented the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Date: 04/28/2022
  • Address: 1911 W Ohio St
  • Market: Chicago

Irina Bugatova from Red Carpet Investment Group Inc acted as the buyer's representative, while Mark Kurgan from 33 Realty represented the seller. This transaction highlights the successful collaboration between the two brokerage agencies to facilitate the sale of the multifamily property.

Players

Mark Kurgan

33 Realty

Broker

$12.9M

vol

6 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93