Interra Realty Brokers $2.23M Multifamily Sale In Chicago
SOLD
$2,230,000
Illinois
See Similar DealsMultiFamily
Sold
SOLD
Interra Realty Brokers $2.23M Multifamily Sale In Chicago
1924 South Loomis Street, Chicago, Illinois 60608, United States
See Similar DealsMultiFamily
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,922.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,571.34
Annual Debt Service$126,856.05
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