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
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