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3404 South Morgan

Bridgeport Buildings LLC Acquires 10-Unit Multifamily In Bridgeview, Chicago For $1M
SOLDMultiFamily

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

Paul Tsakiris

First Western Properties

Broker

$2.9M

vol

4 deals

Broker

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