Keller Williams ONEChicago Acquires 3-Unit Multifamily In Chicago For $1.3M
3125 W Palmer Sq, Chicago, IL 60647
$1,299,000
$259/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
AI
A multifamily property located at 3125 W Palmer Sq in Chicago has been sold for a total price of $1,299,000. The property consists of 3 units, resulting in a price per unit of $433,000. The lot size is 5,000 square feet, with a price per square foot of $260.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,299,000
- Units: 3
- Price per Unit: $433,000
- Lot Size: 5,000 square feet
- Price per Square Foot: $260
The buyer's representative in this transaction is Steve Anderson from Keller Williams ONEChicago, while the seller's representative is Karen Biazar from North Clybourn Group.
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
12.21%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93