Interra Realty Brokers $2.23M Multifamily Sale In Chicago
1924 South Loomis Street, Chicago, Illinois 60608, United States
$2,230,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 10, 2022
AI
An off-market multifamily property located at 1924 S. Loomis St & 2214 W. 18th Place in Chicago has been sold for a total price of $2,230,000. The property consists of 13 units, resulting in a per unit price of $171,538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,230,000
- Address: 1924 S. Loomis St & 2214 W. 18th Place, Chicago
- Market: Chicago
- Brokers: Jeremy Morton & Harrison Pinkus - Interra Realty
The deal was facilitated by Jeremy Morton and Harrison Pinkus from Interra Realty, who represented the parties involved in the transaction.
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
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93