Marc Zale Acquires Multifamily Asset In Chicago For $1.13M
2340 West Erie Street
$1,130,000
$324/SF
Building Size
3,485 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
AI
The multifamily property located at 2340 W Erie St in Chicago has been sold for a price of $1,130,000. The property consists of 3 units, with an average price per unit of $376,667. The lot size is 3,485 square feet, resulting in a price per square foot of $324.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Units: 3
- Price per Unit: $376,667
- Lot Size: 3,485 square feet
- Price per square foot: $324
Marc Zale from Compass represented the buyer in this transaction, while Nick Tanev from Venat Properties LLC represented the seller.
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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93