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843 W Newport Ave, Chicago,...

Updated Sep 9, 2024

Keller Williams ONEChicago Acquires Multifamily Property In Chicago For $1.065M
SOLDMultiFamily

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

Christopher Sears

Broker

$1.1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $349 per square foot on a published $1.1M for 3,049 square feet (2021).

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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

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