Updated Dec 4, 2024
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
Units
8
Asset Type
MultiFamily
Closing
Nov 28, 2023
About this deal
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.
The multifamily sale at 963 West Montana Street in Chicago, Illinois sold for $3.6M in 2023. Reported inventory is 8 units across 8 units. Jake Fugman, Timothy (Tim) Sheahan, Thomas (Tom) Jakacki, EXP Realty appear on the sale alongside EXP Realty, Compass. This page is the Chicago, Illinois file for the 963 West Montana Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 963 West Montana Street around 2023. Published consideration for 963 West Montana Street is $3.6M, dated 2023. Cite this 8-Unit Multifamily Property In Chicago Sold For $3.58M With Buyer's Rep Jake Fugman & Seller's Rep Thomas Jakacki And Timothy Sheahan sale when underwriting similar multifamily product around Chicago, Illinois.
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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