Ryan Blake, Chris Van Dinther & Michael Masterson Of Essex 312 Facilitate Sale Of Chicago Multifamily For $2.715M
SOLD
$2,715,000
Illinois
See Similar DealsMultiFamily7,410 SF
Sold 12/20/2024
SOLD
Ryan Blake, Chris Van Dinther & Michael Masterson Of Essex 312 Facilitate Sale Of Chicago Multifamily For $2.715M
612 West Stratford Place
See Similar DealsMultiFamily7,410 SF
Sold 12/20/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$366
Total Square Footage:7,410 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 612 West Stratford Place in Chicago. The property encompasses 5 units and has a total square footage of 7,410. The price per unit stood at $543,000, resulting in a total sale price of $2,715,000. The price per square foot was calculated to be $366.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,715,000
- Units: 5
- Square Footage: 7,410
- Price Per Unit: $543,000
- Price Per Square Foot: $366
- Address: 612 West Stratford Place
- Market: Chicago
- Seller's Representatives: Ryan Blake, Chris Van Dinther & Michael Masterson - Essex 312
The brokerage team representing the seller consists of Ryan Blake, Chris Van Dinther, and Michael Masterson from Essex 312, who facilitated the transaction for the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,645.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,870.49
Annual Debt Service$154,445.82
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