SOLDMultiFamily
Paul Sanchez & Joseph Betancourt Facilitate $1.04M Sale Of Multifamily Property In Chicago
2649 West Rice Street
$1,040,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
The multifamily property located at 2649 West Rice Street in Chicago was sold for $1.04 million. The property consists of three units, with each unit priced at approximately $346,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,040,000
- Units: 3
- Price Per Unit: $346,667
- Address: 2649 West Rice Street
- Market: Chicago
Paul Sanchez from Realty Partner Networks represented the buyer, while Joseph Betancourt from Betancourt Realty represented the seller in the transaction.
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
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93