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
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