Updated Sep 5, 2024
Walter Salazar - Coldwell Banker Realty Represents Buyer In $1.05M Chicago Multifamily Sale
2122 West Potomac Avenue, Chicago, Illinois 60622, United States
$1,050,000
$336/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
The multifamily property located at 2122 W Potomac Ave in Chicago was recently sold for $1,050,000. The property has a lot size of 3,125 square feet, resulting in a price per square foot of $336.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Lot Size: 3,125 square feet
- Price per Square Foot: $336
- Address: 2122 W Potomac Ave, Chicago
- Market: Chicago
The buyer's representative in this deal was Walter Salazar from Coldwell Banker Realty, while the seller's representative was Dennis Huyck from Keller Williams ONEChicago.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93