Dana Gerstenschlager Properties Acquires Multifamily Property In Chicago For $1.5M
900 N Western Ave, Chicago, IL, USA
$1,537,000
$189/SF
Building Size
8,100 SF
Asset Type
MultiFamily
Closing
Aug 5, 2021
AI
A multifamily property located at 900 N Western Ave in Chicago has been sold for a price of $1,537,000. The property has a total square footage of 8,100, resulting in a price per square foot of $190. The lot size of the property is 2,700 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,537,000
- Square Footage: 8,100
- Price Per Square Foot: $190
- Lot Size: 2,700 square feet
The buyer's representative in this transaction was Dana Gerstenschlager from Properties Bucktown, while Mark Icuss from Compass represented the seller. Dana Gerstenschlager and Mark Icuss played key roles in facilitating the sale of the property.
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
10.32%
Cash-on-Cash
-2.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93