Updated Oct 29, 2024
Marc Realty Residential Sells Multifamily Property In Chicago For $5.5M
2240 West Morse Avenue, Chicago, IL, USA
$5,475,000
$5,214/SF
Building Size
1,050 SF
Asset Type
MultiFamily
Closing
Sep 24, 2020
About this deal
AI
The multifamily property located at 2240 West Morse Street in Chicago was recently sold for $5,475,000. The transaction took place on September 25, 2020. The property consists of 32 units, with each unit priced at approximately $171,094.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,475,000
- Address: 2240 West Morse Street, Chicago
- Market: Chicago
- Units: 32
- Price Per Unit (PPU): $171,094
The sale was facilitated by Jordan Gottlieb, Jim Darrow, Doug Imber, and Kate Varde of Essex Realty Group. They represented the seller, Marc Realty Residential, in the transaction.
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
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93