Updated Dec 21, 2023
Gene Hart Sells Chicago Multifamily Property For $1.05M
348-358 West 74th Street, Chicago, IL 60621, USA
$1,050,000
$873/SF
Building Size
1,202 SF
Asset Type
MultiFamily
Closing
Jun 22, 2020
About this deal
AI
A multifamily property located at 348-358 W 74th Street in Chicago was recently sold for $1,050,000. The sale was facilitated by broker Gene Hart. The property consists of 36 units, with a price per unit of $29,167.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 348-358 W 74th Street
- Market: Chicago
- Broker: Gene Hart
- Units: 36
- Price Per Unit (PPU): $29,167
The sale of this multifamily property in Chicago brings together the buyer, seller, and broker Gene Hart. This transaction represents a successful deal in the Chicago real estate market.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93