Updated Dec 21, 2023
New Era Chicago Acquires Multifamily Property On S Laflin St, Chicago For $1.05M
905 South Laflin Street, Chicago, IL 60607, USA
$1,050,000
$240/SF
Building Size
4,362 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
About this deal
AI
Located at 901-905 S Laflin St in Chicago, this multifamily property was recently sold for $1,050,000. Spanning 4,362 square feet, the property was sold at an average price of $241 per square foot. The transaction took place on April 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Square Footage: 4,362
- Price per Square Foot: $241
- Address: 901-905 S Laflin St, Chicago
The buyer was represented by Adam Saffro from New Era Chicago, LLC, while the seller was represented by William Altier and Theodore Mazola from New West Realty LLC.
Congratulations to all parties involved in the successful sale of this multifamily 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93