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.
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