Updated Dec 4, 2024
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
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Boundary boundary · MultiFamily · Sale transactions
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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