Chicago Title Land Trust Acquires SFR On West Pierce Avenue In Chicago For $2.2M
1620 W Pierce Ave Chicago, IL 60622, USA
$2,200,000
$466/SF
Building Size
4,716 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2023
AI
A single-family residential property located at 1620 West Pierce Avenue in Chicago has been sold for $2,200,000. The property spans a total of 4,716 square feet, resulting in a price per square foot of $466.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,200,000
- Square Footage: 4,716
- Price per Square Foot: $466
- Address: 1620 West Pierce Avenue, Chicago
The buyer, Chicago Title Land Trust, purchased the property from Sean Murnane. Representing the buyer was Peter Angelo from Jameson Sotherby's International Realty and Shaena Flanagan from Coldwell Banker. Alex Wolking from Keller Williams acted as the seller's representative in the transaction.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93