ShainRealty Capital Acquires Multifamily Property In Chicago For $8.2M
3147 West Madison Street, Chicago, IL, USA
$8,200,000
$88,172/SF
Building Size
93 SF
Asset Type
MultiFamily
Closing
Nov 30, 2020
AI
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.
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93