Interra Realty Sells 67-Unit Multifamily Portfolio In Washington Park For $5.93M
359 East 55th Place, Chicago, Illinois 60637, United States
$5,925,000
Building Size
—
Asset Type
MultiFamily
Closing
May 18, 2022
AI
The multifamily property located at 359 E 55th Pl, 6043 S., 6201 S., 6152 S., 6131 S., and 6235 S. Martin Luther King Dr in Washington Park, Chicago, was recently sold for a total price of $5,925,000. The property consists of 67 units and an additional lot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,925,000
- Market: Washington Park, Chicago
The sale was facilitated by Interra Realty, with brokers Brad Feldman, Jeremy Morton, and Ted Stratman representing the parties involved in the transaction. Their expertise and assistance were instrumental in finalizing the deal.
Please note that additional information about this transaction may be obtained from @InterraRealty's Instagram post.
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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93