State Farm Realty Mortgage Acquires MultiFamily Asset At 5135 45 S Ingleside For $2.1M
5135 45 S Ingleside
$2,100,000
$105/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Mar 13, 2017
AI
The property involved in this transaction is a multifamily asset located at 5135 45 S Ingleside in Chicago. It has a sale price of $2,100,000.00 and encompasses a total of 20,000 square feet.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,100,000.00
- Address: 5135 45 S Ingleside
- Market: Chicago
- Square Footage: 20,000.0
- Buyer: State Farm Realty Mortgage
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
The transaction was facilitated by broker Steven Rapoport, representing the buyer, State Farm Realty Mortgage, in this multifamily property acquisition. The deal showcases the involvement of notable industry representatives in the Chicago real estate market.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93