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3050 S Loomis St, Chicago, ...

Landmark & Property Group Acquires Multifamily Property In Chicago For $1.09M
SOLDMultiFamily

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

Kui Hu

Broker

$1.1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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