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3125 W Palmer Sq, Chicago, ...

Keller Williams ONEChicago Acquires 3-Unit Multifamily In Chicago For $1.3M
SOLDMultiFamily

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

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 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

12.21%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93