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Interra Realty Represents Buyer And Seller In $2.34M Multifamily Sale In Chicago's Humboldt Park

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SOLD
$2,335,000

Illinois

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MultiFamily
Sold 08/22/2022
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SOLD

Interra Realty Represents Buyer And Seller In $2.34M Multifamily Sale In Chicago's Humboldt Park

1042 North Kedzie Avenue, Chicago, Illinois 60651, United States

See Similar Deals
MultiFamily
Sold 08/22/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property in Humboldt Park, Chicago has been sold for $2,335,000. The property, located at 1042 N. Kedzie Avenue & 1456 N. Kedzie Avenue, consists of 14 units. The sale price equates to approximately $166,786 per unit.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,335,000
  • Address: 1042 N. Kedzie Avenue & 1456 N. Kedzie Avenue
  • Market: Humboldt Park, Chicago

The seller's representative in this transaction was Harrison Pinkus from Interra Realty. The buyer's representative was Mark Dykstra, also from Interra Realty.

Players

Harrison Pinkus
18 deals$34.7M volume
BROKER

Mark Dykstra
Interra Realty
11 deals$102M volume
BROKER

Details

SOLD
IMAGE: Harrison Pinkus & Mark Dykstra DATE: 08/22/2022 ADDRESS: 1042 N. Kedzie Avenue & 1456 N. Kedzie Avenue MARKET: Humboldt Park, Chicago ASSET TYPE: Multifamily SELLER'S REP: Harrison Pinkus (@ThePinker91) - Interra Realty BUYER'S REP: Mark Dykstra - Interra Realty (@InterraRealty) SALE PRICE: $2,335,000 UNITS: 14 ~ PPU: $166,786

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,295.77
Cash-on-Cash Return-1.27%
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