Marcus & Millichap Brokers Sell Chicago Multifamily For $1.04M
3146 West Columbus Avenue, Chicago, Illinois 60652, United States
$1,040,000
$77/SF
Building Size
13,400 SF
Asset Type
MultiFamily
Closing
May 18, 2022
AI
Located in Chicago, the multifamily property at 3146 W Columbus Ave recently changed hands in a closed transaction. The sale was facilitated by Quentin Benedetto, Jack Stanton, and Kyle Stengle, representing Marcus & Millichap.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,040,000
- Units: 18
- Price per Unit: $57,778
- Square Footage: 13,400
- Price per Square Foot: $78
Quentin Benedetto, Jack Stanton, and Kyle Stengle of Marcus & Millichap played prominent roles in the deal, representing the parties involved.
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