Updated Oct 28, 2024
Jonathan Rose Companies Acquires Multifamily Property In Chicago For $11.6M
2242 South Princeton Avenue, Chicago, Illinois 60616, United States
$11,600,000
Units
146
Asset Type
MultiFamily
Closing
Feb 13, 2022
About this deal
AI
The multifamily property located at 2242 South Princeton Avenue in Chicago has been sold for a total price of $11,600,000. The transaction took place on February 14, 2022. The property consists of 146 units, with an average price per unit (PPU) of $79,452.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,600,000
- Units: 146
- Average Price Per Unit: $79,452
The buyer of the property was Jonathan Rose Companies, represented by Jonathan Rose himself. The seller was Tony Fusco, and the transaction was facilitated by Prudential Huntoon Paige.
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93