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1940 South Loomis Street, C...

Interra Realty Facilitates $1.25M Sale Of Pilsen Multifamily Property On S Loomis St
SOLDMultiFamily

Interra Realty Facilitates $1.25M Sale Of Pilsen Multifamily Property On S Loomis St

1940 South Loomis Street, Chicago, Illinois 60608, United States

$1,250,000

Building Size

Asset Type

MultiFamily

Closing

Jun 12, 2022

AI

The multifamily property located at 1940 S Loomis St in Pilsen has been sold for a total of $1,250,000. The transaction took place on June 13, 2022. The property consists of 6 units, resulting in a price per unit of $208,333. The sale was facilitated by brokers Harrison Pinkus and Jeremy Morton from Interra Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 1940 S Loomis St
  • Market: Pilsen
  • Units: 6
  • Price per Unit: $208,333

Harrison Pinkus and Jeremy Morton from Interra Realty played a crucial role in this transaction as the brokers representing the parties involved.

Players

Jeremy Morton

Interra Realty

Broker

$90.5M

vol

26 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93