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1470 West Huron Street

Christian Mewes Purchases Multifamily Property At 1470 West Huron Street For $1.355M
SOLDMultiFamily

Christian Mewes Purchases Multifamily Property At 1470 West Huron Street For $1.355M

1470 West Huron Street

$1,355,000

$401/SF

Building Size

3,375 SF

Asset Type

MultiFamily

Closing

Jan 15, 2025

AI

The property asset involved in this transaction is a multifamily building located at 1470 West Huron Street in Chicago. The sale was finalized for a price of $1,355,000, encompassing a total of six units. The property spans 3,375 square feet, resulting in a price per unit of $225,833 and a price per square foot of $401.

Summary of transaction details:

The transaction was facilitated by Andrew Dorazio, representing the buyer, while Brian Keegan represented the seller in this deal. The successful closure of the transaction highlights the roles these representatives played in bringing together both parties to complete the multifamily property sale.

Players

Andrew Dorazio

Dorazio Real Estate

Broker

$8.6M

vol

6 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

11.71%

Cash-on-Cash

-3.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93