Updated Dec 18, 2023
Baird & Warner Acquires Multifamily Property In Chicago For $1.025M
722 North Elizabeth Street, Chicago, IL 60642, USA
$1,025,000
$470/SF
Building Size
2,178 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
An undisclosed multifamily property located at 722 N Elizabeth St in Chicago was recently sold for a price of $1,025,000. The property consists of three units, with each unit having an approximate price per unit (PPU) of $341,667. The total lot size is 2,178 square feet, resulting in a price per square foot (PPLSF) of $471.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 3
- PPU: $341,667
- Lot Size: 2,178 SF
- PPLSF: $471
Kira Moscowitz from Baird & Warner represented the buyer in this transaction, while Michael Kearney from Berkshire Hathaway HomeServices Chicago acted as the seller's representative. Both individuals played pivotal roles in the successful sale of the property.
On the Map
$1,025,000
$470/SF
MultiFamily
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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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93