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2037 West 19th Street

Cullerton Street Properties, LLC Acquires Multifamily Property In Pilsen For $1.2M
SOLDMultiFamily

Cullerton Street Properties, LLC Acquires Multifamily Property In Pilsen For $1.2M

2037 West 19th Street

$1,200,000

$220/SF

Building Size

5,450 SF

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

Cullerton Street Properties, LLC has acquired a multifamily property located at 2037 W 19th St in Pilsen. The property consists of 7 units with a total square footage of 5,450. The sale price for this transaction was $1,200,000, resulting in a price per unit of $171,429 and a price per square foot of $220.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 2037 W 19th St
  • Market: Pilsen

The seller, Pioneer 19th Street, LLC, was represented by Paul Cawthon & Angelo Labriola from SVN | Chicago Commercial. They facilitated the deal on behalf of the seller and ensured a successful transaction.

Players

Paul Cawthon

SVN

Broker

$28.5M

vol

12 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93