Landmark & Property Group Acquires Multifamily Property In Chicago For $1.09M
3050 S Loomis St, Chicago, IL, USA
$1,090,000
$156/SF
Building Size
6,986 SF
Asset Type
MultiFamily
Closing
Jul 29, 2021
AI
The multifamily property located at 3050 S Loomis St in Chicago has been sold in a recent transaction. The property consists of 6 units with a total square footage of 6,986. The sale price for this transaction was $1,090,000, which equates to a price per unit of $181,667 and a price per square foot of $156.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Units: 6
- Price per Unit (PPU): $181,667
- Square Footage (SF): 6,986
- Price per Square Foot (PPSF): $156
- Address: 3050 S Loomis St, Chicago
The buyer in this transaction was represented by Bao Na Li from Landmark & Property Group, Inc. On the other hand, Kui Hu from Concentric Realty, Inc 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
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93