Updated Dec 21, 2023
Kyle A. Stengle Of Marcus & Millichap Sells 6-Unit Multifamily Property In Chicago For $1.125M
2143 North Western Avenue, Chicago, IL 60647
$1,125,000
$450/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
About this deal
AI
Located at 2143 North Western Avenue in Chicago, this multifamily property was recently sold for $1,125,000. The transaction took place on November 2, 2021. The property consists of six units, making the per unit price $187,500.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,125,000
- Number of Units: 6
- Price per Unit: $187,500
- Market: Chicago
The sale of this property was facilitated by Kyle A. Stengle from Marcus & Millichap. His expertise and negotiation skills played a crucial role in ensuring a successful transaction. Their involvement highlights the importance of having an experienced broker like Kyle A. Stengle in the deal.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93