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Atlas Asset Management Realty Represents Buyer In Multifamily Property Sale In Chicago For $1.55M

Property Image
SOLD
$1,550,000
Kieran Conlon
Michael Tolliver
Timothy (Tim) Sheehan

Illinois

See Similar Deals
MultiFamily
Sold 03/04/2024
the dealplayerscompscontact
Property Image
SOLD

Atlas Asset Management Realty Represents Buyer In Multifamily Property Sale In Chicago For $1.55M

10447 South Hale Avenue

See Similar Deals
MultiFamily
Sold 03/04/2024
Kieran Conlon
Michael Tolliver
Timothy (Tim) Sheehan
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property at 10447 South Hale Avenue in Chicago was successfully sold for $1,550,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 10447 South Hale Avenue
  • Market: Chicago

Michael Tolliver of Atlas Asset Management Realty represented the buyer, while Kieran Conlon of Compass and Timothy (Tim) Sheehan of CBRE represented the seller in the transaction.

Players

Kieran Conlon
Compass
Kieran Conlon
2 deals$2.8M volume
BROKER
Michael Tolliver
Michael Tolliver
1 deal$1.6M volume(312) 617-8095
BROKER
Timothy (Tim) Sheehan
Compass
Timothy Sheehan
1 deal$1.6M volume(773) 387-8840
BROKER

Details

SOLD
IMAGE: Kieran Conlon, Tim Sheehan & Michael Tolliver DATE: 03/04/2024 ADDRESS: 10447 South Hale Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Tolliver - Atlas Asset Management Realty SELLER'S REP: Kieran Conlon & Tim Sheehan (@TheSheahanGroup) - Compass (@Compass) SALE PRICE: $1,550,000 NOTE: The multifamily property at 10447 South Hale Avenue in Chicago was successfully sold for $1,550,000. Michael Tolliver of Atlas Asset Management Realty represented the buyer, while Kieran Conlon of Compass and Timothy (Tim) Sheehan of CBRE represented the seller in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$82,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49