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3214 West Cortez Street, Ch...

Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M
SOLDMultiFamily

Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M

3214 West Cortez Street, Chicago, Illinois 60651, United States

$1,200,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2022

AI

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 8
  • Price Per Square Foot: $150,000

The recent closed transaction involved a multifamily property located at 3214 W Cortez St in the Humboldt Park neighborhood of Chicago. The property, consisting of 8 units, was sold for a total price of $1,200,000, resulting in a price per square foot of $150,000.

Harrison Pinkus of Interra Realty represented both parties in this transaction.

Players

Harrison Pinkus

Interra Realty

Broker

$34.7M

vol

18 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93