Updated Dec 21, 2023
Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M
3214 West Cortez Street, Chicago, Illinois 60651, United States
$1,200,000
Units
8
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
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.
The multifamily sale at 3214 West Cortez Street, Chicago, Illinois 60651, United States in Chicago, Illinois sold for $1.2M in 2022. Reported inventory is 8 units across 8 units. Harrison Pinkus, Interra Realty appear on the sale alongside Interra Realty. This page is the Chicago, Illinois file for the 3214 West Cortez Street, Chicago, Illinois 60651, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3214 West Cortez Street, Chicago, Illinois 60651, United States around 2022. Published consideration for 3214 West Cortez Street, Chicago, Illinois 60651, United States is $1.2M, dated 2022. Cite this Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Harrison Pinkus to view all their deals.
Browse Illinois multifamily sales on Traded.
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