Ryan Blake, Chris Van Dinther & Michael Masterson Of Essex 312 Facilitate Sale Of Chicago Multifamily For $2.715M
612 West Stratford Place
$2,715,000
$366/SF
Building Size
7,410 SF
Asset Type
MultiFamily
Closing
Dec 20, 2024
AI
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.
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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93