Mo2 Brokerage LlLC Facilitates $1.225M Sale Of Multifamily Property In Chicago
SOLD
$1,225,000
Illinois
See Similar DealsMultiFamily2,550 SF
Sold 11/02/2021
SOLD
Mo2 Brokerage LlLC Facilitates $1.225M Sale Of Multifamily Property In Chicago
1034 North Paulina Street, Chicago, IL 60622
See Similar DealsMultiFamily2,550 SF
Sold 11/02/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:2,550 SF
Transaction Type:Sale
A multifamily property located at 1034 N Paulina St in Chicago has recently been sold for a price of $1,225,000. The property consists of 4 units, with each unit being sold at an average price of $306,250. The total square footage of the property is 2,550, resulting in a price per square foot of $480.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 4
- Price per Unit: $306,250
- Square Footage: 2,550
- Price per Square Foot: $480
The sale was facilitated by Kevin Schnell from Mo2 Brokerage LlLC, who represented the parties involved in the transaction. The successful completion of this deal highlights the expertise and professionalism of Kevin Schnell in the Chicago real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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