facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

22 North Throop Street, Wes...

Multifamily In West Loop, Chicago Sells For $1M At 22 N Throop St
SOLDMultiFamily

Multifamily In West Loop, Chicago Sells For $1M At 22 N Throop St

22 North Throop Street, West Loop, Chicago, IL, USA

$1,000,000

$432/SF

Building Size

2,310 SF

Asset Type

MultiFamily

Closing

Jun 29, 2020

AI

The multifamily property located at 22 N Throop St in the West Loop of Chicago has been sold. The property, spanning 2,310 square feet, consists of two units. The sale price for this transaction was $1,000,000, slightly higher than the initial asking price of $999,000. This translates to a price per unit of $500,000 and a price per square foot of $433.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 2
  • Price per Unit: $500,000
  • Square Footage: 2,310
  • Price per Square Foot: $433

The sale of this property was facilitated by brokers Quentin Green and Nathan Binkley. They represented the parties involved in the transaction.

Players

Quentin Green

Downtown Realty Company

Broker

$8.5M

vol

6 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93