Art Collazo's Jameson Sotheby's International Realty Acquires Multifamily Property In Chicago For $1.075M
SOLD
$1,075,000
Illinois
See Similar DealsMultiFamily3,250 SF
Sold 09/29/2021
SOLD
Art Collazo's Jameson Sotheby's International Realty Acquires Multifamily Property In Chicago For $1.075M
1036 North Marshfield Avenue, Chicago, IL 60622
See Similar DealsMultiFamily3,250 SF
Sold 09/29/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:3,250 SF
Transaction Type:Sale
The multifamily property located at 1036 N Marshfield Ave in Chicago has been sold for $1,075,000. The transaction took place on September 29, 2021. The property consists of 5 units, with a price per unit of $215,000. The lot size is 3,250 square feet, and the price per square foot is $331.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 5
- Price Per Unit: $215,000
- Lot Size: 3,250 square feet
- Price Per Square Foot: $331
The buyer's representative in this transaction was Art Collazo from Jameson Sotheby's International Realty, while the seller's representative was Ismael Perez from RE/MAX 10.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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