Compass' Phil Byers Acquires 4-Unit Multifamily In Chicago For $1.7M
658 West Aldine Avenue, Chicago, IL 60657
$1,700,000
$453/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
The multifamily property located at 658 W Aldine Ave in Chicago has been sold for a price of $1,700,000. This property consists of 4 units, which equates to a price per unit of $425,000. The lot size is 3,750 square feet, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 4
- Price per Unit: $425,000
- Lot Size: 3,750 square feet
- Price per Square Foot: $453
The buyer was represented by Phil Byers from Byers Home Team - Compass, while the seller was represented by John Simon from Srb Services LLC.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93