Jake Fugman Of EXP Realty Represents Buyer In $1.255M Chicago Multifamily Sale By Kathleen Bock
2130 West Iowa Street
$1,255,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 3, 2024
AI
The multifamily asset located at 2130 West Iowa Street in Chicago was sold for $1,255,000. This four-flat building comprises four units, including a duplexed owner's unit, and was renovated in 2014. The property features an all-brick exterior and offers a blend of modern and vintage charm situated in the desirable UK Village area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Units: 4
- Price Per Unit: $313,750
- Market: Chicago
- Buyer's Representative: Jake Fugman - EXP Realty
- Seller's Representative: Kathleen Bock - @Properties Christie's International Real Estate
The transaction involved Jake Fugman of EXP Realty representing the buyer, while Kathleen Bock of @Properties Christie's International Real Estate represented the seller. Both representatives played a crucial role in facilitating the sale of the property, which is located in a sought-after area known for its vibrant community and amenities.
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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93