Eliana De Marco Purchases Lincoln Park Townhouse For $1.95M
SOLD
Illinois
See Similar DealsCo-Op4,000 SF
Sold 11/08/2022
SOLD
Eliana De Marco Purchases Lincoln Park Townhouse For $1.95M
505 W Menomonee St, Chicago, IL 60614, USA
See Similar DealsCo-Op4,000 SF
Sold 11/08/2022
Summary
ILLINOIS
Asset Type:Co-Op
Price Per Square Foot:$487
Total Square Footage:4,000 SF
Transaction Type:Sale
A townhouse located at 505 W Menomonee St in Lincoln Park, Chicago has been sold for a price of $1,950,000. The property spans 4,000 square feet and was sold for an average price of $488 per square foot. The transaction took place on November 8, 2022.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $1,950,000
- Square Footage: 4,000
- Price per Square Foot: $488
- Address: 505 W Menomonee St, Lincoln Park, Chicago
- Market: Lincoln Park, Chicago
The buyer of the townhouse was Eliana De Marco, while the seller was Mike Wright. The transaction was facilitated by broker Jill Scott from The Scott Group at Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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