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6232 North Mozart Street, C...

Compass Real Estate Acquires Multifamily Asset In Chicago For $1.69M
SOLDMultiFamily

Compass Real Estate Acquires Multifamily Asset In Chicago For $1.69M

6232 North Mozart Street, Chicago, IL, USA

$1,685,000

$206/SF

Building Size

8,180 SF

Asset Type

MultiFamily

Closing

Jan 14, 2021

AI

The multifamily property located at 6232 N. Mozart Street in Chicago was recently sold for a price of $1,685,000. The property spans across 8,180 square feet, resulting in a price per square foot of $206. It consists of 15 units, with a price per unit of $112,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,685,000
  • Address: 6232 N. Mozart Street, Chicago
  • Market: Chicago
  • Square Footage: 8,180
  • Price per Square Foot: $206
  • Number of Units: 15
  • Price per Unit: $112,333

Melanie Giglio of Compass Real Estate represented the buyer in this transaction, while the seller was represented by Andy Kordic of Re/Max Premier.

Players

Melanie Giglio-Vakos

Compass

Broker

$7.9M

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

9.41%

Cash-on-Cash

-2.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93