Baird & Warner Represents Buyer In $2.05M Multifamily Sale On West Rice St., Chicago
2132 W Rice St Chicago, IL 60622, USA
$2,050,000
Building Size
—
Asset Type
MultiFamily
Closing
May 26, 2023
AI
The multifamily property located at 2132 West Rice Street in Chicago has been sold for a price of $2,050,000. The property consists of 3 units, resulting in a price per unit of $683,333. The sale was facilitated by John Kevin O'Brien from Baird & Warner, who represented the buyer, and Konrad Dabrowski and Jessica DeKruiff from Fulton Grace Realty, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 2132 West Rice Street, Chicago
- Market: Chicago
- Units: 3
- Price Per Unit: $683,333
- Buyer's Rep: John Kevin O'Brien - Baird & Warner
- Seller's Rep: Konrad Dabrowski & Jessica DeKruiff - Fulton Grace Realty
This transaction highlights the collaboration between John Kevin O'Brien from Baird & Warner as the buyer's representative and Konrad Dabrowski and Jessica DeKruiff from Fulton Grace Realty as the seller's representatives. The involvement of these key individuals ensured a successful sale of the multifamily property at 2132 West Rice Street in Chicago.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93