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2649 West Rice Street

Paul Sanchez & Joseph Betancourt Facilitate $1.04M Sale Of Multifamily Property In Chicago
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

Joseph Betancourt

Betancourt Realty

Broker

$2.1M

vol

2 deals

Broker

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