Horizon Realty Group Sells 12-Unit Multifamily Property In Chicago For $5.4M
915 West Addison Street, Chicago, IL 60613
$5,400,000
$356/SF
Building Size
15,129 SF
Asset Type
MultiFamily
Closing
May 9, 2021
AI
The multifamily property located at 915 W. Addison St in Chicago has been sold for a price of $5,400,000. The transaction took place on May 10, 2021. The property consists of 12 units, resulting in a price per unit (PPU) of $450,000. The seller of the property was Horizon Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Address: 915 W. Addison St, Chicago
- Market: Chicago
- Units: 12
- Price per Unit (PPU): $450,000
The sale of this multifamily property was facilitated by brokers Joe Smazal and Craig Martin from Interra Realty.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93