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Four-Unit Multifamily Property In Chicago Sold For $2.2M With Redfin Buyer And @properties Christie's Seller
SOLD
Illinois
See Similar DealsMultiFamily
Sold 10/16/2023
SOLD
Four-Unit Multifamily Property In Chicago Sold For $2.2M With Redfin Buyer And @properties Christie's Seller
1225 West Montana Street
See Similar DealsMultiFamily
Sold 10/16/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A four-unit multifamily property in Chicago at 1225 West Montana Street was sold for $2.2 million. The property consists of four units, with a unit price of $550,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 1225 West Montana Street
- Market: Chicago
- Buyer's Representative: Marzena Frausto - Redfin
- Seller's Representative: Pasquale Recchia - @properties Christie's International Real Estate
- Units: 4
- Price per Unit: $550,000
The buyer, represented by Marzena Frausto of Redfin, and the seller, represented by Pasquale Recchia of @properties Christie's International Real Estate, were involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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