Updated Dec 4, 2024
Paul Sanchez & Joseph Betancourt Facilitate $1.04M Sale Of Multifamily Property In Chicago
2649 West Rice Street
$1,040,000
Units
3
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
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.
The multifamily sale at 2649 West Rice Street in Chicago, Illinois sold for $1M in 2024. Reported inventory is 3 units across 3 units. Joseph (Joe) Betancourt, Paul Sanchez, Betancourt Realty, Realty Partner Networks appear on the sale alongside Betancourt Realty, Realty Partner Networks. This page is the Chicago, Illinois file for the 2649 West Rice Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2649 West Rice Street around 2024. Published consideration for 2649 West Rice Street is $1M, dated 2024. Cite this Paul Sanchez & Joseph Betancourt Facilitate $1.04M Sale Of Multifamily Property In Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
On the Map
$1,040,000
MultiFamily
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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