Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M
SOLD
$1,200,000
Illinois
See Similar DealsMultiFamily
Sold 08/02/2022
SOLD
Harrison Pinkus Acquires 8-Unit Multifamily In Humboldt Park For $1.2M
3214 West Cortez Street, Chicago, Illinois 60651, United States
See Similar DealsMultiFamily
Sold 08/02/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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