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963 West Montana Street

8-Unit Multifamily Property In Chicago Sold For $3.58M With Buyer's Rep Jake Fugman & Seller's Rep Thomas Jakacki And Timothy Sheahan
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

Jake Fugman from EXP Realty represented the buyer, while Thomas Jakacki & Timothy Sheahan from Compass represented the seller in this transaction.

Players

Timothy Sheahan

Compass

Broker

$38.8M

vol

10 deals

Broker

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