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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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