Updated Dec 19, 2023
Interra Realty Facilitates $5.73M Multifamily Sale In Chicago At 700 W. Grace Street
700 West Grace Street, Chicago, IL 60613
$5,730,000
$0/SF
Building Size
16,358,125 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
A multifamily property located at 700 W. Grace Street in Chicago has been sold for a price of $5,730,000. The property consists of 16 units, resulting in a per unit price of $358,125. The sale was facilitated by Joe Smazal of Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,730,000
- Units: 16
- Price Per Unit: $358,125
- Broker: Joe Smazal - Interra Realty
The sale of this multifamily property at 700 W. Grace Street marks a significant transaction in the Chicago market. Joe Smazal from Interra Realty played a crucial role as the broker representing the parties involved in this deal.
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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93