Updated Dec 21, 2023
Westward 360 Acquires Multifamily Property In Chicago For $1.845M
2056 West Arthur Avenue, Chicago, IL 60645
$1,845,000
$220/SF
Building Size
8,375 SF
Asset Type
MultiFamily
Closing
Jul 7, 2020
About this deal
AI
A multifamily property located at 2056 W Arthur Ave in Chicago has been sold for a price of $1,845,000. The sale was completed on July 7, 2021. The property is situated in the Chicago market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,845,000
The buyer's representative, Nathan Brown from Westward 360, and the seller's representative, Maja Brajic from Chicago Hillcrest Realty Inc, facilitated the transaction.
The multifamily sale at 2056 West Arthur Avenue, Chicago, IL 60645 in Chicago, Illinois sold for $1.8M in 2020. The building is 8,375 square feet, implying about 220 per square foot on the published price. Named participants on the 2056 West Arthur Avenue, Chicago, IL 60645 sale are Maja Brajic, Nathan Brown. This page is the Chicago, Illinois file for the 2056 West Arthur Avenue, Chicago, IL 60645 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2056 West Arthur Avenue, Chicago, IL 60645 around 2020. Published consideration for 2056 West Arthur Avenue, Chicago, IL 60645 is $1.8M, dated 2020. Cite this Westward 360 Acquires Multifamily Property In Chicago For $1.845M sale when underwriting similar multifamily product around Chicago, Illinois.
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
8.60%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93