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54 East Cedar Street, Chica...

Celeste Huenergard Acquires Multifamily Property On E Cedar St, Chicago For $1.6M
SOLDMultiFamily

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

Steven Novit

Sotheby's International Realty

Broker

$4.6M

vol

2 deals

Broker

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