Updated Oct 28, 2024
Lakepointe Properties Acquires Multifamily Asset In Uptown, Chicago For $3.05M
850 West Margate Terrace, Chicago, IL 60640, USA
$3,050,000
$101/SF
Building Size
30,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
Located in Uptown, Chicago, the multifamily property at 850 W. Margate Terrace has been sold for a total of $3,050,000. The transaction took place on August 30, 2021. This property comprises 29 units, resulting in a per unit price of $105,172.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Address: 850 W. Margate Terrace
- Market: Uptown, Chicago
- Units: 29
- Price Per Unit: $105,172
Lakepointe Properties has acquired the property, while Andy Friedman and Jake Parker from Kiser Group served as the brokers in this transaction.
On the Map
$3,050,000
$101/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jake Parker to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93