Bridgeport Buildings LLC Acquires 10-Unit Multifamily In Bridgeview, Chicago For $1M
3404 South Morgan
$1,000,000
$166/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Nov 16, 2022
AI
The multifamily property located at 3404 S Morgan in Bridgeview, Chicago has been sold in a recent transaction. The property consists of 10 units with a total area of 6,000 square feet. The sale price for the property was $1,000,000, resulting in a price per unit of $100,000 and a price per square foot of $167.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 10
- Price per Unit: $100,000
- Square Footage: 6,000
- Price per Square Foot: $167
Bridgeport Buildings LLC has acquired the property from the seller, Kung Wong. The sale was facilitated by Paul Tsakiris and Jacob Elgazar, representatives from First Western Properties.
Players
Meredosia 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93