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Robert Grilli & Arnell Cordero Close $1.66M Multifamily Sale In Chicago
SOLD
$1,660,000
Illinois
See Similar DealsMultiFamily
Sold 05/28/2024
SOLD
Robert Grilli & Arnell Cordero Close $1.66M Multifamily Sale In Chicago
1309 West Ohio Street
See Similar DealsMultiFamily
Sold 05/28/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1309 West Ohio Street in Chicago was sold for $1,660,000. The transaction was facilitated by Robert Grilli of Jameson Sotheby's International Realty, representing the buyer, and Arnell Cordero of Fulton Grace Realty, representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,660,000
- Address: 1309 West Ohio Street
- Market: Chicago
- Buyer's Rep: Robert Grilli - Jameson Sotheby's International Realty
- Seller's Rep: Arnell Cordero - Fulton Grace Realty
The sale of the multifamily property at 1309 West Ohio Street in Chicago was overseen by Robert Grilli from Jameson Sotheby's International Realty, acting as the buyer's representative, and Arnell Cordero from Fulton Grace Realty, serving as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,897.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,869.25
Annual Debt Service$94,430.96
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