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Root Realty Brokers Acquire Lakeview Multifamily Property For $2.06M

Property Image
SOLD
$2,060,000
Michael Root
Kevin Itima
Joseph Root

Illinois

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MultiFamily9,142 SF
Sold
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Property Image
SOLD

Root Realty Brokers Acquire Lakeview Multifamily Property For $2.06M

1326 West Barry Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily9,142 SF
Sold
Michael Root
Kevin Itima
Joseph Root
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:9142 SF
Transaction Type:Sale

A multifamily property located at 1326-1328 W. Barry in Lakeview has been sold for $2,060,000. The property consists of 9 units with a total square footage of 9,142. The sale price per unit amounts to $228,889, and the price per square foot is $255.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,060,000
  • Units: 9
  • Price Per Unit: $228,889
  • Square Footage: 9,142
  • Price Per Square Foot: $255
  • Market: Lakeview

The sale was facilitated by Kevin Itima, Joseph Root, and Michael Root of Root Realty.

Players

Joseph Root
Root Realty
Joseph Root
9 deals$15.9M volume
BROKER
Michael Root
Root Realty
Michael Root
7 deals$12.3M volume(773) 988-8333
BROKER
Kevin Itima
Root Realty
Kevin Itima
9 deals$11.7M volume
BROKER

Details

SOLD
IMAGE: Kevin Itima, Michael Root & Joseph Root DATE: 10/18/2021 ADDRESS: 1326-1328 W. Barry MARKET: Lakeview ASSET TYPE: Multifamily BROKERS: Kevin Itima (@Chitown_ApartmentAgent), Joseph Root, Michael Root - Root Realty (@RootRealty) SALE PRICE: $2,060,000 UNITS: 9 ~ PPU: $228,889 SF: 9,142 ~ PPSF: $255

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,318.74
Cash-on-Cash Return-1.27%
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