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844 West Lakeside Place, Ch...

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

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

Alan Cosby

Westward360

Broker

$8.7M

vol

6 deals

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

9.24%

Cash-on-Cash

-2.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93