Updated Dec 19, 2023
Hayley Westhoff Acquires Multifamily Property On West Newport Ave In Chicago For $999,999
903 W Newport Ave, Chicago, IL, USA
$999,999
$328/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
A multifamily property located at 903 W Newport Ave in Chicago has been sold for $999,999. The property consists of 3 units, resulting in a price per unit of $333,333. The transaction took place on February 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $999,999
- Units: 3
- Price per Unit: $333,333
Hayley Westhoff from Compass represented the buyer in this transaction, while Joshua Inglis from eXp Realty, LLC represented the seller.
The multifamily sale at 903 W Newport Ave, Chicago, IL, USA in Chicago, Illinois sold for $1M in 2021. Reported inventory is 3,049 square feet across 3 units, or about 328 per square foot. Hayley Westhoff, Joshua Inglis, EXP Realty, Compass appear on the sale alongside EXP Realty, Compass. This page is the Chicago, Illinois file for the 903 W Newport Ave, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 903 W Newport Ave, Chicago, IL, USA around 2021. Published consideration for 903 W Newport Ave, Chicago, IL, USA is $1M, dated 2021. Cite this Hayley Westhoff Acquires Multifamily Property On West Newport Ave In Chicago For $999,999 sale when underwriting similar multifamily product around Chicago, Illinois.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93