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Chicago Multifamily Asset Sold For $1.5M With Buyer's Rep Michael Scanlon & Seller's Rep Thomas Moran

Property Image
SOLD
$1,500,000
Thomas (Tom) Moran
Michael Scanlon

Illinois

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MultiFamily
Sold 09/22/2023
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Property Image
SOLD

Chicago Multifamily Asset Sold For $1.5M With Buyer's Rep Michael Scanlon & Seller's Rep Thomas Moran

1119 West Addison Street

See Similar Deals
MultiFamily
Sold 09/22/2023
Thomas (Tom) Moran
Michael Scanlon
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property at 1119 West Addison Street in Chicago was recently sold. This multifamily asset was purchased for a price of $1,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 1119 West Addison Street, Chicago
  • Market: Chicago

Michael Scanlon from eXp Realty acted as the buyer's representative in this transaction, while Thomas Moran from @properties Christie's International Real Estate represented the seller.

Players

Michael Scanlon
EXP Realty
Michael Scanlon
14 deals$17.5M volume
BROKER
Thomas (Tom) Moran
At Properties Commercial
Thomas Moran
6 deals$14.3M volume(773) 472-0200
BROKER

Details

SOLD
IMAGE: Michael Scanlon DATE: 09/22/2023 ADDRESS: 1119 West Addison Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Scanlon (@michaelscanlon_) - eXp Realty (@exprealty_) SELLER'S REP: Thomas Moran - @properties (@AtProperties) /Christie's International Real Estate (@christiesrealestate) SALE PRICE: $1,500,000 NOTE: The property at 1119 West Addison Street in Chicago, classified as a multifamily asset, was sold for a price of $1,500,000. The transaction involved Michael Scanlon from eXp Realty as the buyer's representative and Thomas Moran from @properties Christie's International Real Estate as the seller's representative.

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,329.19
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