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
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