North Clybourn Group Acquires Multifamily Building In Chicago For $1.36M
SOLD
Illinois
See Similar DealsMultiFamily1,400 SF
Sold 05/11/2021
SOLD
North Clybourn Group Acquires Multifamily Building In Chicago For $1.36M
1042 S Oakley Blvd, Chicago, IL, USA
See Similar DealsMultiFamily1,400 SF
Sold 05/11/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$973
Total Square Footage:1,400 SF
Transaction Type:Sale
Located at 1042 S Oakley Blvd in Chicago, this multifamily property recently closed for a sale price of $1,362,500. The property consists of 3 units, and the price per unit comes to $454,167. The transaction took place on 05/11/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,362,500
- Units: 3
- Price Per Unit: $454,167
- Address: 1042 S Oakley Blvd
- Market: Chicago
The buyer's representative in this deal was Karen Biazar, who represented North Clybourn Group, Inc. On the other side, Nadiya Geraci acted as the seller's representative and represented Vista Group Realty Inc.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,840.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,458.95
Annual Debt Service$77,507.34
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