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
$10,600,000
Units
141
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
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.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93