Laura Kelly Acquires Multifamily In Chicago For $1.97M
SOLD
Illinois
See Similar DealsMultiFamily5,096 SF
Sold 03/04/2022
SOLD
Laura Kelly Acquires Multifamily In Chicago For $1.97M
1036 North Hoyne Avenue, Chicago, Illinois 60622, United States
See Similar DealsMultiFamily5,096 SF
Sold 03/04/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$387
Total Square Footage:5,096 SF
Transaction Type:Sale
The multifamily property located at 1036 N Hoyne Ave in Chicago has been sold for a price of $1,975,000. The property has a lot size of 5,096 square feet, resulting in a price per square foot of $388.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Lot Size: 5,096 square feet
- Price per Square Foot: $388
- Market: Chicago
The buyer's representative in this transaction was Laura Kelly from Properties East Lincoln Park, while the seller's representative was Billie Diamond from Properties Glencoe.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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