Compass Represents Buyer In $1.15M Sale Of Chicago Condo
SOLD
$1,150,000
Illinois
See Similar Deals3,600 SF
Sold 06/01/2020
SOLD
Compass Represents Buyer In $1.15M Sale Of Chicago Condo
2305 North Commonwealth Avenue, Chicago, IL 60614
See Similar Deals3,600 SF
Sold 06/01/2020
Summary
ILLINOIS
Price Per Square Foot:$319
Total Square Footage:3,600 SF
Transaction Type:Sale
The condominium located at 2305 N Commonwealth Ave Unit 3N in Chicago has been sold in a recent transaction. The property offers 3,600 square feet of space and is priced at $1,150,000, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,150,000
- Address: 2305 N Commonwealth Ave Unit 3N, Chicago
- Market: Chicago
The seller of the property was Jonathan D. Solomon. Representing the buyer in this transaction was Joanne Nemerovski from Compass. Nicholas Apostal from Keller Williams ONEChicago acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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