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1920 West Addison Street

Updated Dec 4, 2024

Compass Brokers Sell Roscoe Village/Lakeview Multifamily For $1.07M
SOLDMultiFamily

Compass Brokers Sell Roscoe Village/Lakeview Multifamily For $1.07M

1920 West Addison Street

$1,069,000

Units

2

Asset Type

MultiFamily

Closing

Jun 4, 2024

About this deal

AI

1920 West Addison Street, a beautifully restored and updated Classic Chicago Brick 2-flat in the Roscoe Village/Lakeview area, was sold for $1,069,000. The property features original hardwood flooring, custom millwork, updated kitchens and baths, and professionally landscaped front and backyard on an oversized lot, offering a prime opportunity for investment or owner occupancy in a vibrant neighborhood with access to various amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,069,000
  • Units: 2
  • Price Per Unit: $534,500
  • Address: 1920 West Addison Street
  • Market: Chicago

Alicia Blumer, Maureen Barone, and Philip Barone of Compass were the brokers representing the deal.

Players

Maureen Barone

Compass

Broker

$2.1M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $534.5K per unit across 2 units on a published $1.1M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.84%

Cash-on-Cash

-4.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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