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Brian Moon Of Keller Williams ONEChicago Represents Buyer In Sale Of Chicago Multifamily For $1.16M

Property Image
SOLD
$1,160,000

Illinois

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MultiFamily
Sold 09/03/2024
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Property Image
SOLD

Brian Moon Of Keller Williams ONEChicago Represents Buyer In Sale Of Chicago Multifamily For $1.16M

1326 West Melrose Street

See Similar Deals
MultiFamily
Sold 09/03/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The two-unit multifamily property located at 1326 West Melrose Street in Chicago has been sold for $1,160,000. The asset is situated in the Lakeview neighborhood, featuring spacious, light-filled units, formal living and dining areas, large eat-in kitchens, and private decks. Recent updates have been made to appliances and mechanicals in the property.

Summary of transaction details:

The transaction involved Brian Moon representing the buyer and Judith Panozzo representing the seller, ensuring a successful deal for both parties. Their respective agencies played a crucial role in facilitating the transfer of ownership of this multifamily property.

Players

Brian Moon
5 deals$5.7M volume
BROKER

Judith (Judy) Panozzo
Real People Realty
1 deal$1.2M volume(708) 955-5615
BROKER

Details

SOLD
IMAGE: Judith Panozzo & Brian Moon DATE: 09/03/2024 ADDRESS: 1326 West Melrose Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Brian Moon - Keller Williams ONEChicago (@KWOneChicago) SELLER'S REP: Judith Panozzo (@Judysellsthem) - Real People Realty SALE PRICE: $1,160,000 UNITS: 2 ~ PPU: $580,000 NOTE: The two-unit multifamily property at 1326 West Melrose Street in Chicago sold for $1.16M, with Brian Moon of Keller Williams ONEChicago representing the buyer and Judith Panozzo of Real People Realty representing the seller. The Lakeview duplex features spacious, light-filled units with formal living and dining areas, large eat-in kitchens, and private decks, with recent updates to appliances and mechanicals.

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

$61,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,121.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,498.99
Annual Debt Service$65,987.90