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Chicago MultiFamily Property Sold For $1.2M With Buyer's Rep Luca Lollino And Seller's Rep Kathleen Padilla

Property Image
SOLD
$1,200,000
Luca Lollino
Kathleen Gercone-Padilla

Illinois

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MultiFamily
Sold 09/29/2023
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Property Image
SOLD

Chicago MultiFamily Property Sold For $1.2M With Buyer's Rep Luca Lollino And Seller's Rep Kathleen Padilla

1242 North Hoyne Avenue

See Similar Deals
MultiFamily
Sold 09/29/2023
Luca Lollino
Kathleen Gercone-Padilla
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multi-family property located at 1242 North Hoyne Avenue in Chicago has been sold for $1.2 million. The transaction took place with Luca Lollino representing the buyer and Kathleen Padilla representing the seller.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $1,200,000
  • Address: 1242 North Hoyne Avenue
  • Market: Chicago

Luca Lollino, the buyer's representative from Remax, successfully facilitated the purchase of this multi-family property. On the other hand, Kathleen Padilla, a representative from Fulton Grace Realty, played a crucial role in representing the seller throughout the transaction.

Players

Luca Lollino
Re/Max
Luca Lollino
2 deals$2.4M volume
BROKER
Kathleen Gercone-Padilla
Fulton Grace Realty
Kathleen Gercone-Padilla
1 deal$1.2M volume(773) 882-6922
BROKER

Details

SOLD
IMAGE: Luca Lollino & Kathleen Padilla DATE: 09/29/2023 ADDRESS: 1242 North Hoyne Avenue MARKET: Chicago ASSET TYPE: MultiFamily BUYER'S REP: Luca Lollino (@LucaLollino) - Remax SELLER'S REP: Kathleen Padilla @KatSellsChicago) - Fulton Grace Realty (@FultonGraceRealty) SALE PRICE: $1,200,000 NOTE: A Chicago multifamily property at 1242 North Hoyne Avenue was sold for $1.2 million, with Luca Lollino representing the buyer and Kathleen Padilla representing the seller.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35