Redfin Acquires Multifamily Property In Chicago For $1.12M
SOLD
$1,120,000
Illinois
See Similar DealsMultiFamily4,433 SF
Sold 02/04/2022
SOLD
Redfin Acquires Multifamily Property In Chicago For $1.12M
1216 West Newport Avenue, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily4,433 SF
Sold 02/04/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:4,433 SF
Transaction Type:Sale
Located at 1216 W Newport Ave in Chicago, this multifamily property was recently sold. The transaction took place on February 4, 2022, and the sale was facilitated by Danielle Inendino of Redfin Corporation, who represented the buyer. On the other side, Loreal Urso of d'aprile properties acted as the seller's representative.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,120,000
- Square Footage: 4,433
- Price per Square Foot: $253
- Lot Square Footage: 4,142
- Price per Lot Square Foot: $270
The transaction's key individuals include Danielle Inendino, representing the buyer, and Loreal Urso, representing the seller. The buyer's representative is from Redfin Corporation, while the seller's representative is from d'aprile properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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