Compass Acquires Multifamily Property In Chicago For $1.05M
930 West Newport Avenue, Chicago, Illinois 60657, United States
$1,050,000
$345/SF
Building Size
3,042 SF
Asset Type
MultiFamily
Closing
May 10, 2022
AI
The multifamily property located at 930 W Newport Ave in Chicago has recently been sold for a price of $1,050,000. The property spans a total square footage of 3,042, resulting in a price per square foot of $345. The transaction took place on 05/11/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Lot Square Footage: 3,042
- Price Per Square Foot: $345
- Address: 930 W Newport Ave, Chicago
The sale was facilitated by Matthew Lind of Compass, who represented the buyer. Leigh Marcus Properties acted as the seller's representative in the transaction.
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