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900 N Western Ave, Chicago,...

Dana Gerstenschlager Properties Acquires Multifamily Property In Chicago For $1.5M
SOLDMultiFamily

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

Mark Icuss

Compass

Broker

$21.9M

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

10.32%

Cash-on-Cash

-2.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93