Chicago Real Estate Resources Acquires Multifamily Property In West Town For $1.74M
507 North Hartland Court, Chicago, Illinois 60622, United States
$1,740,000
$224/SF
Building Size
7,750 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
A multifamily property located at 507-09 N Hartland Ct in West Town, Chicago has been sold for a price of $1,740,000. The property consists of 6 units with an average price per unit (PPU) of $290,000. The total square footage of the property is 7,750, resulting in a price per square foot (PPSF) of $225.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,740,000
- Units: 6
- PPU: $290,000
- SF: 7,750
- PPSF: $225
The buyer's representative in this deal was Nate Gautsche from CRER (Chicago Real Estate Resources, Inc.), while the seller's representatives were Nate Gautsche from CRER and Ryan Wewerka from InCommercial Real Estate.
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
9.12%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93