ShainRealty Capital Acquires Multifamily Property In Chicago For $8.2M
SOLD
$8,200,000
Illinois
See Similar DealsMultiFamily93 SF
Sold 12/01/2020
SOLD
ShainRealty Capital Acquires Multifamily Property In Chicago For $8.2M
3147 West Madison Street, Chicago, IL, USA
See Similar DealsMultiFamily93 SF
Sold 12/01/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$88,172
Total Square Footage:93 SF
Transaction Type:Sale
A multifamily property located at 3147 W. Madison Street in Chicago was recently sold for $8,200,000. The transaction took place on December 1, 2020. The property consists of 96 units with an average price per unit of $85,417.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 3147 W. Madison Street, Chicago
- Market: Chicago
- Buyer: ShainRealty Capital - Jonathan Shainberg
- Brokers: Jeff Baasch & Finley Askin - SVN Chicago Commercial
- Units: 96
- Price Per Unit (PPU): $85,417
The buyer of the property was ShainRealty Capital represented by Jonathan Shainberg. The transaction was facilitated by brokers Jeff Baasch and Finley Askin from SVN Chicago Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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