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612 West Stratford Place

Ryan Blake, Chris Van Dinther & Michael Masterson Of Essex 312 Facilitate Sale Of Chicago Multifamily For $2.715M
SOLDMultiFamily

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:

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

Ryan Blake

Essex 312

Broker

$6.8M

vol

4 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

5.84%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93