Updated Dec 19, 2023
Westward 360 Acquires Multifamily Property In Chicago For $1.055M
4342 North Mozart Street, Chicago, IL, USA
$1,055,000
$248/SF
Building Size
4,250 SF
Asset Type
MultiFamily
Closing
Jan 4, 2021
About this deal
AI
A multifamily property located at 4342 N. Mozart Street in Chicago has been sold for $1,055,000. The property consists of 7 units and spans 4,250 square feet, resulting in a price per square foot of $248. The buyer's representative in this transaction was Nathan Brown from Westward 360, while the seller's representative was Marc Devereux from Coldwell Banker Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,055,000
- Address: 4342 N. Mozart Street, Chicago
- Square Footage: 4,250
- Price per Square Foot: $248
- Number of Units: 7
- Buyer's Representative: Nathan Brown - Westward 360
- Seller's Representative: Marc Devereux - Coldwell Banker Realty
This successful sale was facilitated by the buyer's representative, Nathan Brown from Westward 360, and the seller's representative, Marc Devereux from Coldwell Banker Realty. Both parties played a crucial role in ensuring the smooth transaction of the multifamily property located at 4342 N. Mozart Street in Chicago.
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
15.04%
Cash-on-Cash
-4.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93