Updated Dec 20, 2023
Carrie McCormick Acquires Multifamily Property In Chicago For $2.02M
2244 West Armitage Avenue, Chicago, IL 60647
$2,020,000
$395/SF
Building Size
5,103 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
About this deal
AI
A multifamily property located at 2244 W Armitage Ave in Chicago has been sold for $2,020,000. The property spans 5,103 square feet, resulting in a price per square foot of $396. The lot size is 2,400 square feet with a price per lot square foot of $842.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,020,000
- Address: 2244 W Armitage Ave, Chicago
- Market: Chicago
- Property Size: 5,103 square feet
- Price per Square Foot: $396
- Lot Size: 2,400 square feet
- Price per Lot Square Foot: $842
The buyer's representative in this transaction was Carrie McCormick roperties, while the seller's representative was Arnell Cordero from Fulton Grace Realty.
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
7.85%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93