Celeste Huenergard Acquires Multifamily Property On E Cedar St, Chicago For $1.6M
54 East Cedar Street, Chicago, IL 60611
$1,600,000
$369/SF
Building Size
4,326 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
The multifamily property located at 54 E Cedar St in Chicago has been sold for a price of $1,600,000. The transaction took place on December 10, 2021. The property spans a total of 4,326 square feet, resulting in a price per square foot of $370. The lot size is 2,180 square feet, making the price per lot square foot $734.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Square Footage: 4,326
- Price per Square Foot: $370
- Lot Size: 2,180
- Price per Lot Square Foot: $734
Celeste Huenergard from Coldwell Banker Realty represented the buyer in this transaction. The seller, on the other hand, was represented by Steven Novit from Jameson Sotheby's International Realty.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93