Chicago Multifamily Property Sold For $1.01M With Buyer's Rep Michael Scanlon & Seller's Rep Wilfredo Aguilar Jr
643 East 50th Street
$1,010,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 6, 2024
AI
643 East 50th Street in Chicago was sold for $1,010,000. The multifamily property was transacted on 02/06/2024 and was represented by Michael Scanlon of EXP Realty as the buyer's representative, and Wilfredo Aguilar Jr of Compass as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 643 East 50th Street, Chicago
- Market: Chicago
- Buyer's Rep: Michael Scanlon - EXP Realty
- Seller's Rep: Wilfredo Aguilar Jr - Compass
The buyer's representative, Michael Scanlon from EXP Realty, and the seller's representative, Wilfredo Aguilar Jr from Compass, facilitated the sale of the property. The transaction took place on 02/06/2024 and the property is located at 643 East 50th Street in Chicago.
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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93