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Dream Town Realty Acquires Multifamily Property In Chicago's Market For $1.075M

Property Image
SOLD
$1,075,000
Mitir A. Patel
Mark Icuss

Illinois

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MultiFamily3,125 SF
Sold 01/05/2022
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Property Image
SOLD

Dream Town Realty Acquires Multifamily Property In Chicago's Market For $1.075M

1007 North California Avenue, Chicago, IL 60622

See Similar Deals
MultiFamily3,125 SF
Sold 01/05/2022
Mitir A. Patel
Mark Icuss
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:3,125 SF
Transaction Type:Sale

The multifamily property located at 1007 N California Ave in Chicago has been sold for a total price of $1,075,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $215,000. The total lot size of the property is 3,125 square feet, resulting in a price per square foot (PPLSF) of $344.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Units: 5
  • Price per Unit (PPU): $215,000
  • Lot Size: 3,125 square feet
  • Price per Square Foot (PPLSF): $344
  • Buyer's Representative: Mitir A Patel - Dream Town Realty
  • Seller's Representative: Mark Icuss - Compass

Mitir A Patel from Dream Town Realty represented the buyer in this transaction, while Mark Icuss from Compass represented the seller. The deal was closed on January 5, 2022.

Players

Mark Icuss
Compass
Mark Icuss
6 deals$21.9M volume
BROKER
Mitir A. Patel
Dream Town Realty
Mitir A. Patel
5 deals$5.6M volume
BROKER

Details

SOLD
IMAGE: Mitir A Patel & Mark Icuss DATE: 01/05/2022 ADDRESS: 1007 N California Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Mitir A Patel - Dream Town Realty SELLER'S REP: Mark Icuss - Compass SALE PRICE: $1,075,000 UNITS: 5 ~ PPU: $215,000 LOT SF: 3,125 ~ PPLSF: $344

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
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