facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

2224 West Ohio Street, Chic...

Dream Town Realty Sells Multifamily Property On W Ohio St In Chicago For $1.45M
SOLDMultiFamily

Dream Town Realty Sells Multifamily Property On W Ohio St In Chicago For $1.45M

2224 West Ohio Street, Chicago, IL 60612, USA

$1,450,000

$487/SF

Building Size

2,976 SF

Asset Type

MultiFamily

Closing

Oct 25, 2021

AI

The multifamily property located at 2224 W Ohio St in Chicago was recently sold for $1,450,000. The transaction took place on October 25, 2021, and the property consists of 4 units. With a price per unit (PPU) of $362,500, this property offers a lucrative investment opportunity in the Chicago market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Units: 4
  • PPU: $362,500

The buyer's representative in this transaction was Michael Kang from Coldwell Banker Realty, while Vincent Anzalone and Sylvia Jablonska from Dream Town Realty represented the seller. These professionals played a crucial role in facilitating the successful sale of the property on behalf of their clients.

Players

Vincent Anzalone

Dream Town Realty

Broker

$14.4M

vol

7 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93