Interra Realty Represents Buyer And Seller In $2.34M Multifamily Sale In Chicago's Humboldt Park
SOLD
Illinois
See Similar DealsMultiFamily
Sold 08/22/2022
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 DealsMultiFamily
Sold 08/22/2022
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,295.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,069.09
Annual Debt Service$132,829.10
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