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1034 North Paulina Street, ...

Mo2 Brokerage LlLC Facilitates $1.225M Sale Of Multifamily Property In Chicago
SOLDMultiFamily

Mo2 Brokerage LlLC Facilitates $1.225M Sale Of Multifamily Property In Chicago

1034 North Paulina Street, Chicago, IL 60622

$1,225,000

$480/SF

Building Size

2,550 SF

Asset Type

MultiFamily

Closing

Nov 2, 2021

AI

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.

Players

Kevin Schnell

Broker

$9.4M

vol

5 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93