Updated Dec 21, 2023
Jameson Sotheby's Intl Realty's Michael Shenfeld Represents Buyer In $1.87M Chicago Multifamily Sale
504 West Wisconsin Street, Chicago, Illinois 60614, United States
$1,865,000
$548/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The multifamily property located at 504 W Wisconsin St in Chicago has been sold for a total of $1,865,000. The property spans across 3,400 square feet, resulting in a price per square foot of $549. Additionally, the lot size is 1,850 square feet with a price per square foot of $1,008.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,865,000
- Address: 504 W Wisconsin St, Chicago
- Square Footage: 3,400
- Price per Square Foot: $549
- Lot Size: 1,850 square feet
- Price per Lot Square Foot: $1,008
Michael Shenfeld from Jameson Sotheby's International Realty represented the buyer in this transaction, while Ben Lalez from Compass acted as the seller's representative.
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
8.51%
Cash-on-Cash
-2.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93