SOLDMultiFamily
8-Unit Multifamily Property In Chicago Sold For $3.58M With Buyer's Rep Jake Fugman & Seller's Rep Thomas Jakacki And Timothy Sheahan
963 West Montana Street
$3,580,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 28, 2023
AI
963 West Montana Street in Chicago, an 8-unit multifamily property, was sold for $3,580,000. The per unit price was $447,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,580,000
- Units: 8
- Price Per Unit: $447,500
- Buyer's Representative: Jake Fugman - EXP Realty
- Seller's Representatives: Thomas Jakacki & Timothy Sheahan - Compass
Jake Fugman from EXP Realty represented the buyer, while Thomas Jakacki & Timothy Sheahan from Compass represented the seller in this 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
4.43%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93