Updated Dec 21, 2023
Interra Realty Brokers Jeremy Morton & Ted Stratman Facilitate $1.6M Sale Of Pilsen Multifamily Property On W 21st Pl
2058 West 21st Place, Chicago, Illinois 60608, United States
$1,600,000
$207/SF
Building Size
7,725 SF
Asset Type
MultiFamily
Closing
Mar 13, 2022
About this deal
AI
Located in the Pilsen area of Chicago, the multifamily property at 2058 W 21st Pl has recently been sold. The transaction took place on March 14, 2022, with Jeremy Morton and Ted Stratman from Interra Realty serving as the brokers in the deal. The property features 9 units with a total square footage of 7,725. The asking price for the property was $1,785,000, and it was sold for $1,600,000, resulting in a price per unit of $177,778.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 9
- Square Footage: 7,725
- Brokers: Jeremy Morton & Ted Stratman - Interra Realty
The sale of this multifamily property at 2058 W 21st Pl demonstrates the expertise and negotiation skills of Jeremy Morton and Ted Stratman from Interra Realty. Through their efforts, a successful transaction was completed, resulting in a sale price of $1,600,000. This deal not only showcases the strength of the Pilsen market, but also highlights the demand for multifamily properties in the area.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93