Dream Town Realty Acquires Multifamily Property In Chicago For $1M
SOLD
$1,000,000
Illinois
See Similar DealsMultiFamily3,050 SF
Sold 08/20/2021
SOLD
Dream Town Realty Acquires Multifamily Property In Chicago For $1M
1319 W Foster Ave, Chicago, IL, USA
See Similar DealsMultiFamily3,050 SF
Sold 08/20/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$327
Total Square Footage:3,050 SF
Transaction Type:Sale
The multifamily property located at 1319 W Foster Ave in Chicago has been sold for $1,000,000. The property spans 3,050 square feet, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 1319 W Foster Ave, Chicago
- Market: Chicago
Riz Gilani from Dream Town Realty represented the buyer in this transaction, while Mary Haight from Compass served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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