Updated Sep 9, 2024
Keller Williams ONEChicago Acquires Multifamily Property In Chicago For $1.065M
843 W Newport Ave, Chicago, IL, USA
$1,065,000
$349/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Mar 8, 2021
About this deal
AI
The multifamily property located at 843 W Newport Ave in Chicago has been sold for $1,065,000. The property consists of 3 units, resulting in a price per unit of $355,000. The transaction took place on 03/09/2021. The buyer's representative in the deal was Alex Wolking from Keller Williams ONEChicago, while Chris Sears from Properties represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Address: 843 W Newport Ave, Chicago
- Units: 3
- Price per Unit: $355,000
- Buyer's Representative: Alex Wolking - Keller Williams ONEChicago
- Seller's Representative: Chris Sears - Properties
Alex Wolking from Keller Williams ONEChicago served as the buyer's representative, facilitating the purchase of the property. On the other hand, Chris Sears from Properties represented the seller in this transaction. The successful sale of this multifamily asset reflects the expertise and dedication of these individuals in the real estate industry.
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
14.89%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93