Interra Realty Brokers Sell Hyde Park Multifamily For $17M
SOLD
$17,000,000
Illinois
See Similar DealsMultiFamily
Sold 08/25/2022
SOLD
Interra Realty Brokers Sell Hyde Park Multifamily For $17M
1310 East Hyde Park Boulevard
See Similar DealsMultiFamily
Sold 08/25/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1310, 1318 & 1334 E Hyde Park Blvd in Hyde Park has been sold for a total price of $17,000,000. The transaction was facilitated by Joe Smazal and Ted Stratman of Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 1310, 1318 & 1334 E Hyde Park Blvd
- Market: Hyde Park
The brokers involved in the deal were Joe Smazal and Ted Stratman from Interra Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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