Updated Dec 21, 2023
Marcus & Millichap Sells 18-Unit Multifamily In Chicago For $1.14M
2320 West Garfield Boulevard, Chicago, Illinois 60609, United States
$1,140,000
$80/SF
Building Size
14,140 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
Located at 2320 W Garfield Blvd in Chicago, this multifamily property was recently sold in a closed transaction. The property consists of 18 units and was sold for a total price of $1,140,000, resulting in a price per unit of $63,333. The sale was facilitated by Jack Stanton and Kyle Stengle of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,140,000
- Units: 18
- Price Per Unit: $63,333
- Address: 2320 W Garfield Blvd, Chicago
Jack Stanton and Kyle Stengle, representing Marcus & Millichap, played a crucial role in the successful completion of this sale.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93