Michael & Joseph Root Acquire Multifamily Property In Rogers Park, Chicago For $4.1M
7752 North Eastlake Terrace, Rogers Park, Chicago, IL, USA
$4,100,000
$2,050/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Mar 19, 2020
AI
The multifamily property located at 7752 N Eastlake Terrace in Rogers Park, Chicago was recently sold on March 19, 2021. The transaction was handled by brokers Michael & Joseph Root. The property consists of 31 units, with a sale price of $4,100,000. This translates to an average price per unit of $132,258.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 31
- Price per Unit: $132,258
Michael & Joseph Root acted as the brokers 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93