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Westward 360's Alan Cosby Acquires 6-Unit Multifamily In Chicago For $1.72M

Property Image
SOLD
$1,716,000
Mike McCallum
Alan Cosby

Illinois

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MultiFamily7,500 SF
Sold
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Property Image
SOLD

Westward 360's Alan Cosby Acquires 6-Unit Multifamily In Chicago For $1.72M

844 West Lakeside Place, Chicago, IL, USA

See Similar Deals
MultiFamily7,500 SF
Sold
Mike McCallum
Alan Cosby
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:7,500 SF
Transaction Type:Sale

The multifamily property located at 844 W Lakeside Pl in Chicago has been sold for $1,716,000. The transaction took place on July 29, 2021, with a total of 6 units in the property. The price per unit was $286,000, and the total square footage of the property is 7,500. The property is situated on a lot size of 7,500 square feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,716,000
  • Units: 6
  • Price Per Unit: $286,000
  • Square Footage: 7,500
  • Price Per Square Foot: $229
  • Lot Size: 7,500

The buyer's representative for this transaction was Alan Cosby from Westward 360, while the seller's representative was Mike McCallum from Baird & Warner North Center.

Players

Alan Cosby
Westward360
Alan Cosby
6 deals$8.7M volume
BROKER
Mike McCallum
Baird & Warner
Mike McCallum
1 deal$1.7M volume
BROKER

Details

SOLD
IMAGE: Alan Cosby & Mike McCallum DATE: 07/29/2021 ADDRESS: 844 W Lakeside Pl MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Alan Cosby - Westward 360 SELLER'S REP: Mike McCallum - Baird & Warner North Center SALE PRICE: $1,716,000 UNITS: 6 ~ PPU: $286,000 SF: 7,500 ~ PPSF: $229 LOT SIZE: 7,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,519.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,096.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,134.72
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