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Root Realty Acquires Multifamily Property In Bridgeport, Chicago For $613,000

Property Image
SOLD
$613,000
Michael Root
Kevin Itima
Joseph Root

Illinois

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Property Image
SOLD

Root Realty Acquires Multifamily Property In Bridgeport, Chicago For $613,000

1048 W 32nd St.,

See Similar Deals
MultiFamily3,900 SF
Sold
Michael Root
Kevin Itima
Joseph Root
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$157
Total Square Footage:3900 SF
Transaction Type:Sale

A multifamily property located at 1048 W 32nd St in Bridgeport, Chicago has been sold for a price of $613,000. The property consists of 4 units, with each unit having an average price of $153,250. The total square footage of the property is 3,900, resulting in a price per square foot of $157.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $613,000
  • Address: 1048 W 32nd St
  • Market: Bridgeport, Chicago

The sale of the property was represented by Kevin Itima, Michael Root, and Joseph Root from Root Realty.

Players

Joseph Root
Root Realty
Joseph Root
9 deals$15.9M volume
BROKER
Michael Root
Root Realty
Michael Root
7 deals$12.3M volume(773) 988-8333
BROKER
Kevin Itima
Root Realty
Kevin Itima
9 deals$11.7M volume
BROKER

Details

SOLD
IMAGE: Kevin Itima, Joseph Root & Michael Root DATE: 06/24/2022 ADDRESS: 1048 W 32nd St MARKET: Bridgeport, Chicago ASSET TYPE: Multifamily SELLER'S REP: Kevin Itima (@Chitown_MultifamilyAgent), Michael Root & Joseph Root - Root Realty (@RootRealty) SALE PRICE: $613,000 UNITS: 4 ~ PPU: $153,250 SF: 3,900 ~ PPSF: $157

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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)-$2,177.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,905.93
Annual Debt Service$34,871.19