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.
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