Davis Edgerly Of 33 Realty Sells Multifamily Property In Chicago For $1.15M
SOLD
$1,150,000
Illinois
See Similar DealsMultiFamily3,049 SF
Sold 03/10/2022
SOLD
Davis Edgerly Of 33 Realty Sells Multifamily Property In Chicago For $1.15M
1031 West Wolfram Street, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily3,049 SF
Sold 03/10/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:3,049 SF
Transaction Type:Sale
The multifamily property located at 1031 W Wolfram St in Chicago has recently been sold. The property consists of 3 units and was sold for a total price of $1,150,000, resulting in an average price per unit of $383,333. The lot size of the property is 3,049 square feet, equating to a price per square foot of $377.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 3
- Price per Unit: $383,333
- Lot Size: 3,049 square feet
- Price per square foot: $377
The transaction was facilitated by Davis Edgerly from 33 Realty. As the broker representative, Davis Edgerly played a crucial role in the deal.
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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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