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2058 West 21st Place, Chica...

Updated Dec 21, 2023

Interra Realty Brokers Jeremy Morton & Ted Stratman Facilitate $1.6M Sale Of Pilsen Multifamily Property On W 21st Pl
SOLDMultiFamily

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

Jeremy Morton

Interra Realty

Broker

$90.5M

vol

26 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $207 per square foot on a published $1.6M for 7,725 square feet (2022).

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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

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