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2247 West Thomas Street, Uk...

Updated Dec 19, 2023

Kyle A. Stengle Of Marcus & Millichap Sells Multifamily Asset In Ukrainian Village, Chicago For $1.6M
SOLDMultiFamily

Kyle A. Stengle Of Marcus & Millichap Sells Multifamily Asset In Ukrainian Village, Chicago For $1.6M

2247 West Thomas Street, Ukrainian Village, Chicago, IL, USA

$1,600,000

$241/SF

Building Size

6,624 SF

Asset Type

MultiFamily

Closing

Oct 21, 2021

About this deal

AI

A multifamily property located at 2247 W. Thomas St. in Ukrainian Village, Chicago, has been sold for a price of $1,600,000. The transaction took place on October 21, 2021, and the sale was facilitated by Kyle A. Stengle of Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Date: October 21, 2021
  • Address: 2247 W. Thomas St.
  • Market: Ukrainian Village, Chicago

Kyle A. Stengle, representing Marcus & Millichap, played a key role as the broker in this transaction. Through their expertise, the sale of the multifamily property was successfully executed.

Players

Kyle Stengle

Marcus & Millichap

Broker

$198.4M

vol

44 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $241 per square foot on a published $1.6M for 6,624 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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