Compass Acquires Multifamily Property In Chicago For $1.05M
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily3,042 SF
Sold 05/11/2022
SOLD
Compass Acquires Multifamily Property In Chicago For $1.05M
930 West Newport Avenue, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily3,042 SF
Sold 05/11/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$345
Total Square Footage:3,042 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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