Updated Dec 21, 2023
Interra Realty Facilitates $1.29M Sale Of Multifamily Property In West Town, Chicago
2121 West Superior Street, Chicago, IL 60612, USA
$1,290,000
$298/SF
Building Size
4,325 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
Located at 2121 W. Superior St. in West Town, Chicago, this multifamily property was recently sold for a total price of $1,290,000. The sale, facilitated by the brokerage firm Interra Realty, consisted of six units, with a price per unit (PPU) of $215,000. The property boasts a capitalization rate (CAP) of 6.2% and a gross rent multiplier (GRM) of 10.9x.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Units: 6
- PPU: $215,000
- CAP: 6.2%
- GRM: 10.9x
Harrison Pinkus, representing Interra Realty, played a key role in the successful transaction. The sale of this multifamily property in West Town, Chicago signifies a notable investment opportunity in this thriving market.
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
12.30%
Cash-on-Cash
-3.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93