Berkshire Hathaway Home Services Chicago Acquires Multifamily Property In Chicago For $1.94M
SOLD
$1,942,500
Illinois
See Similar DealsMultiFamily3,125 SF
Sold 02/02/2021
SOLD
Berkshire Hathaway Home Services Chicago Acquires Multifamily Property In Chicago For $1.94M
1044 W Diversey Pkwy, Chicago, IL, USA
See Similar DealsMultiFamily3,125 SF
Sold 02/02/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$621
Total Square Footage:3,125 SF
Transaction Type:Sale
The multifamily property located at 1044 W Diversey Pkwy in Chicago has been sold for a price of $1,942,500. The property consists of 3 units, making the price per unit $647,500. The transaction took place on February 2, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,942,500
- Units: 3
- Price per Unit: $647,500
Danielle Dowell from Berkshire Hathaway Home Services Chicago represented the buyer, while the seller was represented by Anne Kavanaugh from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,901.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,208.44
Annual Debt Service$110,501.29
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