Danny Logarakis & Rick Ofman Sell Roscoe Village Mixed-Use Property For $1.9M
SOLD
$1,945,000
Illinois
See Similar DealsMixed-use2,910 SF
Sold
SOLD
Danny Logarakis & Rick Ofman Sell Roscoe Village Mixed-Use Property For $1.9M
2245 West Barry Avenue, Chicago, IL, USA
See Similar DealsMixed-use2,910 SF
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$668
Total Square Footage:2910 SF
Transaction Type:Sale
An mixed-use property located at 2245 W. Barry Ave in Roscoe Village, Chicago was recently sold for $1,945,000. The property consists of 10 units, resulting in a price per unit of $194,500. The transaction took place on 03/02/2021, and the property has a capitalization rate of 5.78%.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,945,000
- Units: 10
- Price per Unit: $194,500
- Capitalization Rate: 5.78%
The sale was facilitated by Danny Logarakis and Rick Ofman, representing their respective agencies.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,910.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,220.29
Annual Debt Service$110,643.51
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