Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,050,000
$345/SF
MultiFamily
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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