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Blazena Bilic & Matthew Liss Facilitate $1.693M Sale Of Multifamily Property In Chicago

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SOLD
$1,693,000

Illinois

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MultiFamily
Sold 04/29/2024
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Property Image
SOLD

Blazena Bilic & Matthew Liss Facilitate $1.693M Sale Of Multifamily Property In Chicago

1248 North Paulina Street

See Similar Deals
MultiFamily
Sold 04/29/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multi-family property located at 1248 North Paulina Street in Chicago was sold for $1,693,000. The property features a meticulously designed 3-unit building with a spacious duplex owner's unit spanning over 3,400 square feet, showcasing exceptional architectural features and luxury amenities. Each rental unit offers high-quality finishes, individual heating and cooling systems, and in-unit washer-dryer setups, making them attractive investment opportunities with potential for increased rental income.

Summary of transaction details:

The sale of the multi-family property at 1248 North Paulina Street in Chicago was facilitated by brokers Blazena Bilic and Matthew Liss of Mark Allen Realty. The property attracted attention for its exceptional design, luxury amenities, and investment potential, making the deal a successful transaction for all parties involved.

Players

Matthew Liss
3 deals$5.6M volume(773) 415-4744
BROKER

Blazena Bilic
Mark Allen Realty
3 deals$5.6M volume(630) 935-0850
BROKER

Details

SOLD
IMAGE: Blazena Bilic & Matthew Liss DATE: 04/29/2024 ADDRESS: 1248 North Paulina Street MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Blazena Bilic (@BlazeChicagoRealtor) & Matthew Liss (@Liss.Matt) - Mark Allen Realty (@Mark_Allen_Realty) SALE PRICE: $1,693,000 UNITS: 3 ~ PPU: $564,333 NOTE: A multi-family property located at 1248 North Paulina Street in Chicago was sold for $1,693,000 by brokers Blazena Bilic and Matthew Liss of Mark Allen Realty. The property features a meticulously designed 3-unit building with a spacious duplex owner's unit spanning over 3,400 square feet, showcasing exceptional architectural features and luxury amenities. Each rental unit offers high-quality finishes, individual heating and cooling systems, and in-unit washer-dryer setups, making them attractive investment opportunities with potential for increased rental income.

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

$90,293.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,014.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,025.68
Annual Debt Service$96,308.20