Westward 360's Alan Cosby Acquires 6-Unit Multifamily In Chicago For $1.72M
844 West Lakeside Place, Chicago, IL, USA
$1,716,000
$228/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Jul 28, 2021
AI
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
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
9.24%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93