George Kokkonas Acquires 4-Unit Multifamily In Chicago For $1.17M
2234 West Palmer Street, Chicago, Illinois 60647, United States
$1,175,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 25, 2022
AI
Located at 2234 W Palmer St in Chicago, this multifamily property was recently sold. The transaction took place on January 19, 2022, with a sale price of $1,175,000. The asset consists of 4 units with a per unit price of $293,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 2234 W Palmer St, Chicago
- Market: Chicago
- Buyer's Rep: George Kokkonas - 33 Realty
- Seller's Rep: Karen Biazar - North Clybourn Group
George Kokkonas from 33 Realty represented the buyer in this transaction, while Karen Biazar from North Clybourn Group represented the seller. The sale of this property marks a significant deal in the Chicago market.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93