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826 W Newport Ave, Chicago,...

Keller Williams Realty Infinity Represents Buyer In $1.45M Sale Of Chicago Multifamily Property
SOLDMultiFamily

Keller Williams Realty Infinity Represents Buyer In $1.45M Sale Of Chicago Multifamily Property

826 W Newport Ave, Chicago, IL, USA

$1,450,000

$495/SF

Building Size

2,925 SF

Asset Type

MultiFamily

Closing

Sep 15, 2021

AI

Located at 826 W Newport Ave in Chicago, this multifamily property was recently sold for $1,450,000. The transaction took place on September 16, 2021, and involved a total of 3 units, resulting in a per unit price of $483,333. The property sits on a lot measuring 2,925 square feet, equating to a price per square foot of $496.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,450,000
  • Units: 3
  • Price Per Unit: $483,333
  • Lot Size: 2,925 square feet
  • Price Per Square Foot: $496

The buyer's representative in this sale was Maria Karuhn from Keller Williams Realty Infinity. On the other hand, Davis Edgerly from 33 Realty represented the seller. Both parties played key roles in facilitating the transaction, ensuring a successful closing for the sale of this multifamily property.

Players

Maria Karuhn

Keller Williams Realty

Broker

$1.5M

vol

1 deal

Broker

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93