Updated Dec 19, 2023
Harrison Pinkus Represents Sale Of Bucktown Multifamily For $1.435M
1953 West Dickens Avenue, Bucktown, Chicago, IL, USA
$1,435,000
$459/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Mar 14, 2021
About this deal
AI
Harrison Pinkus represented the sale of a multifamily property in Bucktown, Chicago. The property, located at 1953 W. Dickens Avenue, was sold on 03/15/2021 for a sale price of $1,435,000. The transaction had a capitalization rate (CAP) of 6.1% and a gross rent multiplier (GRM) of 10.9.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,435,000
- Address: 1953 W. Dickens Avenue
- Market: Bucktown, Chicago
This transaction was facilitated by Harrison Pinkus, who acted as the broker for the deal.
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
11.05%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93