Compass Brokers Facilitates $1.05M Sale Of 3-Unit Multifamily Property In Chicago
1939 West Potomac Avenue, Chicago, IL, USA
$1,050,000
$352/SF
Building Size
2,976 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
AI
Located at 1939 W Potomac Ave in Chicago, this multifamily property was recently sold for a total price of $1,050,000. The transaction took place on February 26, 2021, and was facilitated by broker Joseph Kotoch of Compass.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 3
- Price per Unit: $350,000
- Market: Chicago
Joseph Kotoch represented the seller/buyer/landlord/tenant as the broker from Compass. The property consists of 3 units, with each unit having an average price of $350,000. Situated in the Chicago market, this transaction signifies a significant investment in the multifamily sector.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93