Unknown Buyer Acquires 232 E 121st Pl Chicago For $10.6M With Seller's Reps Finley Askin And Jeff Baasch
SOLD
$10,600,000
Illinois
See Similar DealsMultiFamily
SOLD
Unknown Buyer Acquires 232 E 121st Pl Chicago For $10.6M With Seller's Reps Finley Askin And Jeff Baasch
232 E 121st Pl, Chicago, IL, 60628
See Similar DealsMultiFamily
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A 141-unit apartment property has been sold in Chicago's West Pullman neighborhood. The property, located at 232 E 121st Pl, Chicago, IL, 60628, transacted for $10,600,000. The asset features a total square footage of 0 and falls within the Chicago market.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $10,600,000.00
- Address: 232 E 121st Pl, Chicago, IL, 60628
- Market: Chicago
- Seller's Representative: Finley Askin-Matthews Real Estate Investment Services, Jeff Baasch
- Buyer: Unknown
- Seller: Not disclosed
Jeff Baasch, senior vice president, and Finley Askin, advisor of SVN Chicago Commercial, facilitated the transaction. Their insights highlighted the ongoing interest in multifamily properties despite the challenges presented by the current health and economic environment.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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