Recon Properties Acquires Multifamily Property In Chicago For $9.58M
943 N Crosby St, Chicago, IL 60610, USA
$9,580,000
$14,738/SF
Building Size
650 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
AI
Located in Chicago, the property at 943 North Crosby Street recently changed hands in a closed transaction. This multifamily asset, consisting of 27 units, was sold for a total price of $9,580,000, resulting in an average price per unit of $342,419.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,580,000
Recon Properties, represented by Michael Arrington, emerged as the buyer in this deal. The seller, Metro Park LLC, was represented by Bryan Schroeder. The transaction was facilitated by Joe Smazal of Interra Realty.
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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93